The Swiss currency lost against most of the 16 main traded currencies as speculations suggests that the country is likely to tighten its financial regulations, decreasing attractiveness for the franc.
Chilean Peso Down on Central Bank Statement
November 19th, 2009 at 21:49
The Chilean peso had a rally that set it to the highest rate in 2009 stopped after the central bank made a declaration regarding the current currency’s strength.
Canadian Dollar Deepens Losing Streak
November 19th, 2009 at 17:39
It has not been a favorable day for the Canadian dollar as stocks went down globally, the crude oil, one of the nation’s main export tumbled, and more risk averse traders opted for the safety of Canada’s counterpart currency in the United States.
Yen Gains on Bearish Stocks Session
November 19th, 2009 at 16:11
The Japanese currency was one of the biggest winners together with the U.S. dollar in trading markets this Thursday, as stocks fell globally, declining appeal for higher-yielding currencies as risk aversion rose, favoring the safety profile of the yen, considered the top refuge currency in days of pessimism.
Mexican Peso Advances as Rates Won’t Be Cut
November 18th, 2009 at 19:39
The Mexican peso had a positive performance today versus the greenback as interest rates are unlikely to have further cuts, attracting investors to inject capital in the North American country.
Gold, Oil Force Canadian Dollar Up
November 18th, 2009 at 19:31
The Canadian dollar continued to trade high maintaining yesterday’s gains versus the U.S. dollar as gold reached a record high, raising attractiveness for Canadian commodities.
Dollar Down on Interest Rates Speculations
The dollar fell today versus several higher-yielding currencies after speculations from Fed key-members suggested that interest rates in the country may remain at a record low for an extended period, declining attractiveness for the U.S. currency since investors can opt for higher returns in assets overseas.
Pound Down on Policy Makers Disagreement
November 18th, 2009 at 16:34
The British currency went down today versus the euro and the dollar as a statement regarding a policy makers meeting yesterday indicated divergent opinions concerning the asset-purchase program, declining attractiveness for the pound as the central bank has not found a point of consensus towards the future of the U.K.’s monetary policy.
Swedish Krona Posts Biggest Fall in 2 Weeks
November 18th, 2009 at 0:29
After the IMF statements regarding a slower than expected global economic recovery, the Swedish krona posted an intense decline versus the U.S. dollar, as traders opted for safety in a rather turbulent trading session.
Chilean Peso Remains Bullish on Central Bank Statement
November 18th, 2009 at 0:05
The Chilean currency managed once again to break a record this Tuesday after the nation’s central bank confirmed that it will remain the interest rates in the country at a record low for the next semester, improving demand for peso-priced assets.
