The Aussie rebounded after losing versus most of
AUD/USD traded at 0.9053 as of 00:09 GMT from a previous rate 0.9034 when markets opened Sunday evening.
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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.
Click to continue reading “Real Rebounds on Brazilian Stock Market”
Click to continue reading “Brazilian Real Declines on Treasury Plans”
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.
Click to continue reading “Canadian Dollar Falls on Trade Deficit Surprise”
Risk aversion declined significantly today after China set a new reserves requirements for banks in the country, allowing the yen to outperform all of the 16 main traded currencies in
Equities markets in Asia and globally declined today, raising demand for the yen, as China set a minimum of 16 percent of reserves that large banking corporations in the country must have, in order to avoid a credit bubble as the one that caused the global slump in late 2008.
Click to continue reading “Yen Rallies on China’s Banking Policy”
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The greeback pulled back from its sharp sell-off on Thursday, as weak US economic data spurred a return to risk aversion.
Click to continue reading “Dollar was buoyed at the end of last week as risk appetite waned”
Better-than-expected GDP figures in the US caused risk appetite to surge across the board enabling the kiwi to post gains of over a cent against the pound.
The aussie dollar reversed recent losses yesterday after positive US GDP data encouraged investors to buy-back into perceived riskier currencies.
The dollar snapped four days of gains against the euro as the US economy returned to growth in the three months through September, officially exiting recession.
The single currency slipped further away from recent 14-month highs against the dollar yesterday, losing nearly a cent to close down at 1.4707.
The dollar rose against the single currency for a third consecutive day in its longest advance since August, as a report showed US consumer confidence fell this month.
Sterling closed up against the dollar yesterday, but slipped back nearly a cent from its intra-day high after a survey showed that consumer confidence in the US disappointed market expectations.
Sterling pushed back over 1.10 in trading yesterday as data revealed a pick-up in UK realised sales dulling concerns over the health of the British economy.
Click to continue reading “Pound pushes up against the euro, spurred by positive sales figures”
Having traded strongly against the dollar in the early session, the euro surrendered gains in the afternoon session, pulling the price down sharply to close a $1.4873.
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