The Polish currency hit a six-month record versus the euro, after getting a World Bank loan to rescue the country from one of the most severe recessions among the European Union bloc members. After a World Bank statement today indicating that a $4.5 billion dollar loan was approved to the Polish government, the zloty rose more than 2 percent against the euro, as confidence rose among investors towards the future of the Polish economy. […]
Read moreThe Mexican peso had a positive performance today as U.S. manufacturing shrank at a slower pace, adding confidence that the U.S. recession might be ending. In the United States, the Institute for Supply Managementâs factory index rose to 44.8, from 42.8 in May, reaching the highest level since August 2008, being still a negative figure, since levels below 50 are referred to contractions in manufacturing. Analysts suggest that improved data coming […]
Read moreThe Brazilian Real, which posted the best quarterly performance since it was introduced 15 years ago, is set to prolong its rally, as former central banker bets on the South American economy ability to rebound quickly, spurring demand for the national currency. Among the 16 most traded currencies on markets, the Brazilian real was the second best performing, gaining 19 percent against the U.S. dollar, losing only to the South African rand, which has gained 23 percent […]
Read moreThe yen declined to a two-week low against the euro and lost versus several other currencies as a report in China indicated an increase in manufacturing, helping investors to be confident to purchase high-yielding assets throughout the world. The Japanese yen had a very negative performance this Wednesday losing ground against all main 6 currencies traded globally, after China post the fourth manufacturing expansion in a row, suggesting that […]
Read moreThe euro rose against the dollar today as some important economic indicators in U.S. showed a recovery from the global crisis, while only construction spending report showed a negative dynamics. EUR/USD is now trading near 1.4171 — the highest value since June 5. ADP employment report for June showed a decrease by 473k jobs during that month, but that was considered a positive signal since […]
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