The Brazilian real continued to be influenced by bearish equities and commodities markets and did not manage to pare gains after falling during the most of the time last week.
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Posts Tagged ‘Commodities’
Brazil Real Remains Near 2010 Record Low
Posted by yehya on January 26th, 2010
The Brazilian real continued to be influenced by bearish equities and commodities markets and did not manage to pare gains after falling during the most of the time last week.
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Brazilian Real Drops Further on Risk Aversion
Posted by yehya on January 21st, 2010
The Brazilian real touched the weakest level in a month as risk aversion remained predominant in today’s trading session globally, since equities and commodities markets continued to follow a bearish trajectory in most of the
Brazil’s real suffered another impact today as China’s lending restrictions announced last week continue to influence risk levels in trading markets globally.
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Real Rebounds on Brazilian Stock Market
Posted by yehya on January 18th, 2010
After a week of losses versus most of the main traded currencies in
The Brazilian real gained today versus the yen and the U.S.
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Pound Climbs on House Prices, Optimism
Posted by yehya on January 18th, 2010
The U.K. currency profited today from an increase in the nation’s house prices, fueling even further speculations that the recession might be ending in Britain, attracting investors to purchase
In a day of predominant risk appetite as commodities and equities advanced in the U.K., the pound profited from an optimistic scenario in the country as Rightmove Plc, a leading British real estate website, indicated that house prices increased last month, adding evidences for speculations that Bank of England’s current asset purchase program may expire next month and not be extended further, which would certainly allow the pound to climb in
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Canadian Dollar Continues Bullish Pattern on Commodities
Posted by yehya on January 18th, 2010
The Canadian dollar started another week trading high versus its U.S. counterpart as markets that influence its rates rallied in the start of this week, specially energetic and metallic commodities, before tomorrow’s interest rate decision in the North American nation.
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Canada’s Dollar Retreats on Oil, Risk Aversion
Posted by yehya on January 15th, 2010
The Canadian dollar declined versus its U.S. counterpart and
The loonie was impacted today as energetic and metallic commodities declined, specially the crude oil, as raw material exports account for more than half of the country’s international trade revenue, in a day of bearish markets in New York and Toronto.
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Canadian Dollar Continues to Profit on Commodities
Posted by yehya on January 14th, 2010
Speculations that demand for commodities will continue to grow in the U.S. and globally are helping the Canadian dollar to benefit from this scenario as exportation of raw materials account for half of the country’s trading revenue.
The Canadian rose against almost all of the 16 main traded currencies as metallic and energetic commodities abundant in the country are experiencing a high demand as the global economic recovery spurs demand for raw materials.
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Dollar Drops Slightly on Fed Comments
Posted by yehya on January 13th, 2010
The dollar had a mediocre performance today losing versus a considerable number of currencies after the nation’s central bank was not so optimistic regarding the U.S.
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Aussie Dollar Falls on New Home Loans
Posted by yehya on January 12th, 2010
The Australian dollar fell sharply versus
Basically everything worked against the Australian dollar today as a report in the country showed that new home loans decreased the most in more than a year, in a day were equities dropped and demand for commodities declined, after China imposed new lending requirements for banks.
AUD/USD declined to 0.9200 as of 19:38 GMT from a previous rate of 0.9310. AUD/JPY dropped to 83.64 from 85.64.
If you want to comment on the Australian dollar’s recent action or have any questions regarding this currency, please, feel free to reply below.
Norwegian Krone Tumbles as Commodities Rally Slow Down
Posted by yehya on January 12th, 2010
After several days gaining versus the dollar and the euro, the Norwegian currency slid versus main traded currencies as a bearish day in equities markets and decreased demand for commodities shunned investors from assets in the Nordic country.
The Norwegian krone was affected today as the crude oil, the nation’s chief export, had a decline on its rates after China imposed new lending requirements for banks in the country, affecting markets’ sentiment, consequently impacting stock markets and demand for
USD/NOK traded at 5.6518 as of 19:08 GMT from today’s opening rate of 5.6174.
If you want to comment on the Norwegian krone’s recent action or have any questions regarding this currency, please, feel free to reply below.
Canadian Dollar Falls on Trade Deficit Surprise
Posted by yehya on January 12th, 2010
The Canadian dollar had its rally towards parity with its U.S. counterpart halted after a monthly trade deficit was posted today, raising doubts that the nation’s economy is not going as good as some analysts like to believe.
The loonie had a disappointing surprise today as Canada posted a trade deficit of more than $300 million while forecasts suggested a surplus of $500 million, surprising traders and affecting the outlook of one of the best performing currencies so far in the beginning of 2010.
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Ruble Gains Sharply on First Russian Trade Day
Posted by yehya on January 12th, 2010
In the first day of trading for Russian stocks in 2010, the national currency posted a sharp rise as equities in the country, extremely related to commodities, climbed with full force, as stock markets in the country were closed last week.
The ruble benefited today from a strong demand for oil in the Northern Hemisphere as this winter is being of the most intense during the past decade, forcing the crude beyond $83 a barrel, allowing Russian stocks to gain sharply and consequently providing support for the nation’s currency to post the sharpest advance in a decade today versus the greenback.
USD/RUB closed today at 29.30 today from an opening rate of 29.868, a decline of almost 2 percent.
If you want to comment on the Russian Ruble’s recent action or have any questions regarding this currency, please, feel free to reply below.
Canadian Dollar Remains Strong on Commodities
Posted by yehya on January 11th, 2010
The Canadian currency started another week strong versus several main traded currencies, specially lower yielding options, as demand for commodities continues to bring capital to Canada, the biggest oil supplier for the United States.
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Pound to Decline Versus Higher-Yielding Currencies on Weak Recovery
Posted by yehya on January 11th, 2010
The United Kingdom has been showing itself as one of the least resilient nations among the wealthiest countries in the world, and its weak economic data combined with a ineffective monetary policy is likely to set the sterling further down in the first semester of 2010, specially versus
Bank of England policy makers insisted to extend its so far frustrated bond purchase strategy, injecting its remaining 200 billion pounds on the program, as interest rates remain at an
This week will be marked by a monthly manufacturing production report in the U.K., which has provided mixed data in the past months, but nevertheless, as analysts aren’t very optimistic regarding British economic growth in the first quarter of 2010, the pound has considerable odds to lose further versus the currencies above mentioned.
GBP/CAD started this week trading at 1.6495 from as high as 1.6850 one week ago.
If you want to comment on the Great Britain pound’s recent action or have any questions regarding this currency, please, feel free to reply below.
Chilean Peso Drops After Copper Rally
Posted by yehya on January 9th, 2010
The Chilean peso outperformed most of the main traded currencies as a copper price rally boosted appeal for assets in Chile, which declined this Friday after the metallic commodities failed to extend their gains.
The Chilean currency had a very positive performance apart from this Friday’s slide, as the economy showed signs of improvement according to the nation’s central bank, and the copper, responsible for one quarter of Chilean exports, had an increase on its rates and demand grows globally. In the last day of this week’s session, the copper retreated bringing the peso down as well.
USD/CLP closed this week at 493.95 after trading as low as 490.95 this Friday.
If you want to comment on the Chilean peso’s recent action or have any questions regarding this currency, please, feel free to reply below.
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