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Day: June 19, 2009
June 192009
Yen Returns to Fall as Stocks Continue Rally
The yen had another day of losses as equities markets around the world rebounded, damping demand for the Japanese currency as a refuge, and making high-yielding currencies to climb. The first solid signs of economic recovery in the European Union were confirmed by its leaders which will no longer take measures to stop the worst economic recession in the region in 50 years, making the yen to lose against the euro after the first days of positive performance in a month. Commodity linked currencies […]
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June 192009
Chilean Peso Hits Nine-Month High on Foreign-Exchange Selling Plan
A Chilean government plan is likely to continue to push the national currency up, as it will sell $40 million daily in the Foreign-Exchange market, boosting confidence for the South American currency. The Chilean government affirmed in June 15 that a plan for economic stimulus will sell $4 billion dollars in $40 million allotments, as an effort to increase the influx of international assets to the South American economy. The current $4 billion program will follow a previous one which started in March offering daily $50 million in the forex […]
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