The South African rand gained today as optimism for an outcome of Greek debt-swap talks caused a rally of stocks and commodities, while also helping currencies of emerging markets.
Commodities — News Archive
Loonie Rallies for Third Week, Going to Upside with Commodities
January 28th, 2012 at 13:44
The Canadian dollar was rallying for a third week against the US dollar and the Japanese yen on a back of surging commodity prices. Commodities jumped after the US Federal Reserve announced its intention to keep interest rates low for a prolonged time, leading to weakness of the US currency. The currency was down against the euro for the second week.
CAD Reaches Parity vs. USD, Retreats
January 27th, 2012 at 7:45
The Canadian dollar reached parity with its US peer yesterday, but retreated today as negative macroeconomic data from the United States decreased willingness of Forex traders to buy riskier currencies.
US Economic Growth Benefits Australian Dollar
December 23rd, 2011 at 23:25
The Australian dollar gained against the euro and closed higher versus the greenback today as signs that the US economy continues to recover reinforced positive mood on the Forex market and increased appeal of higher-yielding currencies.
Canada’s Dollar Suffers from ECB
December 09th, 2011 at 0:00
The Canadian dollar rallied today, but was smashed after the European Central Bank press-conference that followed the monetary policy meeting. Forex traders were hoping for the central bank to offer more support to the debt-plagued eurozone countries, but such hopes didn’t materialized.
Canadian Dollar Falls Along with Other Commodity Currencies
August 02nd, 2011 at 16:50
The Canadian continued continued to fall against the majors today, along with the other “commodity” currencies, as the global growth perspectives remained dim.
Rand Erases Losses, But Can It Continue Go Higher?
May 19th, 2011 at 12:34
The South African rand erased today’s loses versus the US dollar and continue to rise for the fourth straight session as consumer inflation accelerated.
Canadian Dollar Advances with Stocks & Commodities
May 19th, 2011 at 2:47
The Canadian dollar gained today as stocks and commodities, including crude oil, rebounded, increasing demand for currencies tied to economic growth. The currency retreated against the euro.
Dollar Looks Down as Commodities Strive Up
May 12th, 2011 at 21:54
The US dollar weakened today against the euro as rally of stocks and commodities make investors less enamored of safer assets. The Japanese yen also suffered from falling demand for safety, allowing the greenback to hold its ground against this currency.
Japanese Yen Falls as Commodities & Stocks Rally
May 10th, 2011 at 9:34
The Japanese yen dropped today after equities gained and commodities pared declines, reducing demand for safe currencies.