Posts Tagged ‘Foreign Exchange Markets’

South Korean Won Biggest Loser in Asia on Risk Aversion

Posted by yehya on January 23rd, 2010

The South Korean currency, one of the best performers in 2009 among Asian emerging markets, had a severe weekly decline as risk aversion remained predominant after China’s statements regarding new regulations on its economy.

After China announced it will take further measures to control inflation in the country, which can be understood with implied slower economic growth, the South Korean currency declined versus most of its main trading partners currencies, as was the worst performer in the Asian region this week in foreign-exchange markets.

USD/KRW ended the week at 1,152.50 from an opening rate of 1,136.2 this Friday.

If you want to comment on the Korean won’s recent action or have any questions regarding this currency, please, feel free to reply below.

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Canadian Dollar Suffers Huge Impact on Inflation, Risk Aversion

Posted by yehya on January 21st, 2010

The Canadian dollar ranked among the worst performers in currency markets today as risk aversion influenced commodities and equities trading, which are strongly related to the loonie’s rates as weak economic data in the country also influenced the confidence towards Canada’s currency.

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Dollar Benifits From Chinese Lending Requirements

Posted by yehya on January 21st, 2010

The dollar gained today versus most of the 16 main traded currencies as China tightened its lending restrictions, raising risk aversion in

foreign-exchange markets affecting high-yielding currencies the most, as investors search for safer bets.

The U.S.

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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

foreign-exchange markets, the Brazilian real advanced today fueled by a positive performance in commodities and equities markets.

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

pound-priced assets in a day of bullish equities markets in London.

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 foreign-exchange markets.

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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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Pound May Climb On Asset Purchase Program Ending

Posted by yehya on January 18th, 2010

The U.K. currency may be experience a shift on its sentiment as speculations suggest that the current quantitative easing measures used by the nation’s central bank will be terminated, as the country starts to publish positive economic reports, suggesting that the recession may be ending in the British Isles.

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Swedish Krona Gains on Greece’s Budget Deficit

Posted by yehya on January 16th, 2010


The Swedish krona ended this week gaining versus the European single currency as Greek’s budget deficit is once again affecting the outlook for the euro, which also declined versus most of the main traded currencies in

foreign-exchange markets.

The krona ended this week with a third consecutive day of gains versus the euro after Greece’s deteriorating economic health is raising concern towards traders regarding the Eurozone, after European Central Bank President Jean-Claude Trichet affirmed that member countries will not have any privileges.

EUR/SEK ended the week at 10.17 from 10.22 on Monday when markets opened.

If you want to comment on the Swedish krona’s recent action or have any questions regarding this currency, please, feel free to reply below.

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