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Day: June 23, 2009
June 232009
Brazilian Real World Biggest Loser as Recession Concerns Rise
The Brazilian currency had the worst performance among the most traded currencies, as confused signals about the world economic situation increased risk aversion among traders, which are leaving high-yielding currencies to purchase safer assets. Different factors pushed the Brazilian currency down this week as risk appetite declined, making stock markets around the world to fall, decreasing the attractiveness of emergent-markets currencies and their high-yielding profile. After a World Bank […]
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June 232009
Yen Rallies Against Main Currencies on Increased Safety Demand
The Japanese currency gained against all 16 most traded currencies as economic concerns continue to rise around the world, causing another day of losses in stock markets, and spurring demand for the safety of the yen. After a World Bank report indicating that the recession will be deeper than previously imagined, equities markets had a negative performance in different continents and risk aversion is back among […]
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