Archive for November 2009

Hungarian Forint Down on Dubai Debt

The Hungarian currency had its sharpest fall in a month after Dubai announced that it’s likely to delay debt payments, declining attractiveness for emergent markets less appealing currencies in Central and Eastern Europe.

Swiss Franc Down on Central Bank Speculations

After touching parity and gaining further versus the U.S. dollar, the Swiss franc declined today versus virtually all 16 main traded currencies, as speculations indicate that the national central bank sold the currency to halt its rally.

Yen on Decade Record High on BOJ Positions

The yen gained versus virtually all currencies as speculations indicate that further climbs for the Japanese currency will be accepted by the nation’s central bankers, setting the currency to the highest level in 14 years versus the greenback.

Mexican Currency Up on Domestic Reports

After a series of positive domestic reports, the Mexican currency extended its previous gains climbing further versus the U.S. dollar as investors are more confident to invest in the Latin American nation.

Canadian Dollar Rises on Russian Bets

The Canadian dollar touched the highest price in a week after the crude oil advanced today and Russia affirmed that it will add the Canadian currency in its reserves, raising attractiveness for the loonie in trading markets.

Dollar Down as Fed Remains Silent on Decline

The dollar had another severe fall today declining to the lowest level in 2009 versus the euro as the Federal Reserve has not yet made any statements against the current decline for the nation’s currency, setting the greenback to a new bottom that may be extended further towards the end of the year.

Australian Dollar Rises on Official Comments

The Australian dollar had a sharp rally today versus most of the 16 main traded currencies after a government official made positive comments regarding the future outlook of the Australian economy, creating speculations that interest rates will be hiked further in the South Pacific nation.

Yen Gains on U.S. Mediocre GDP Number

Risk aversion rose today favoring the Japanese currency after a U.S. gross domestic product report indicated a slow down in the quarterly growth, creating speculations that the nation’s recovery will take longer than expected, attracting investors to safer bets.

Mexican Peso Advances on Fitch Ratings Cut

The Mexican peso rose after Fitch Ratings finally ended a speculations drama and cut the country’s rating one level, making the peso to grow as currently it is one of the cheapest currencies among emergent markets.

Canadian Currency Tumbles on Risk Aversion

The Canadian currency, which started the week rallying majorly versus its U.S. counterpart, was one of the worst performers today as commodities and stocks faltered, influencing negatively the outlook for the loonie and other currencies from commodity exporter nations.

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