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Day: June 18, 2009
June 182009
Pound Slides on Unexpected Negative Data
Retail sales dropped in May for the first time in three months, a fact that was not predicted by analysts, weighing negatively on the pound outlook for this Thursday making it to lose ground against the greenback and the euro. The United Kingdoms Office for National Statistics affirmed that retail sales fell by 0.6 percent, the first fall in three months, since signs of economic recovery started […]
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June 182009
Brazil’s Real on Two-Weeks Low After Weak Economic Data Release
The Brazilian currency dropped to the lowest level in two weeks after weak global economic data decreased confidence among investors, attracted by safety and damping demand for commodities and emergent markets currencies. Brazils real together with the South African rand were two of the best performing currencies favored by signs of economic recovery which started to appear in April, spurring demand for high-yielding positions and decreasing risk aversion which was at a extreme high level, […]
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