The Japanese currency fell today versus the 6 main traded currencies in foreign-exchange markets after the nation’s financial authority followed the global trend among wealthy nations and ruled out rate hikes for the short-term future, declining attractiveness for the Asian currency.
Greek Credit Rating Pulls Euro Down
The euro had a weak performance today losing versus the greenback and the dollar after Greece credit rating was downgraded by a financial agency, bringing risk aversion up in European stock markets.
Brazilian Real Drops on Global Pessimism
December 17th, 2009 at 21:54
The Brazilian currency had its sharpest fall since the end of September as several negative events in financial markets worldwide declined appeal for higher-yielding assets and commodities, which are both the best trading possibilities in the Latin American nation.
Retail Sales Force Pound Down
December 17th, 2009 at 20:03
An unexpectedly negative retail sales report published today in London forced the pound down versus several currencies as it indicates that economic struggle in the country is still a reality in the U.K., shunning investors from pound-priced assets.
Dollar Extends Rally on Greek Credit Rating
December 17th, 2009 at 19:36
The dollar gained today versus the euro and specially higher yielding currencies as speculations that Greece may struggle to pay its debts surged, raising demand for safety and providing support for the greenback and the yen to be the best performers in currency markets this Thursday.
Pound Advances Versus Euro on Employment Data
December 16th, 2009 at 23:36
In another bullish day versus the euro, the pound found support to extend its winning streak after U.K.’s unemployment declined, a strong signal of recovery for the British economy.
Surprise Rate Hike Pushes Norway’s Krone Up
December 16th, 2009 at 22:57
The Norwegian currency climbed today versus most of 16 main traded currencies after the nation’s central bank rose its benchmark interest rate surprising analysts and attracting traders to krone-priced assets.
Aussie Dollar Drops on Monetary Policy Change
The Australian dollar has been one of the best performers in currency markets during the past few months as it was the first country to raise interest rates among the wealthy nations, today the sentiment towards the Aussie changed after surprising statements from the country’s financial authorities.
Dollar Down on Fed Frustrating Statement
December 16th, 2009 at 17:22
The dollar declined versus a number of currencies today after the Federal Reserve signaled interest rates will remain low for a longer period, declining attractiveness for the U.S. currency in foreign exchange markets.
Euro to Tumble Further on Market Sentiment Shift
December 16th, 2009 at 1:50
The euro has been falling steadily since the beginning of the month when it touched the highest rate in 15 months versus the dollar, as speculations emerged in the U.S. that interest rates will be hiked from an all time low, declining attractiveness for the European bloc’s currency.
