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Day: June 25, 2009
June 252009
Yen Slides on Fed Optimistic Tone
The Japanese currency, often associated with risk aversion by traders due to its relative safety, declined against all major currencies after the Federal Reserve confirmed signs of economic recovery in the American economy. All currencies gained against the yen this Thursday as the Japanese government stated that national investors bought more assets than sold for the seventh week in a row, adding […]
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June 252009
Brazilian Real Climbs on Massive IPO Speculation
The Brazilian currency rebounded its previous week losses posting two days of significant gains versus main currencies before a massive IPO in the nations stock exchange, which is likely to attract a great influx of foreign capital to the countrys financial system. The real had a poor performance in the beginning in the week as world equities markets slid due to a sudden rise in risk aversion after a World Bank report indicating that the global slump may be deeper than […]
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