The pound climbed sharply against the dollar and the yen as an employment report with optimistic figures may have indicated that the worst of the recession is already behind, spurring demand for the British currency. The pound, which lost significantly against the dollar and the yen last week, virtually pared its losses as an employment […]
Read moreThe loonie posted the third day of advances against its U.S. counterpart as the crude oil, one of the main country’s exports, advanced today, boosting demand for the Canadian currency. The Canadian dollar has been one of the best performing currencies this week, as stocks and commodities rebounded thanks to a renewed risk appetite among traders, favoring the high-yielding profile of the loonie. The greenback may continue to loose further versus its Canadian counterpart if the demand […]
Read moreThe South African rand, which posted several weeks of decline as a new wave of risk aversion spread around equities and currency markets, rose as the world cup stadium construction workers strike ended, raising confidence in the country as stability returned. The South African rand was one of the most punished currencies by a new wave of risk aversion that struck markets last week, as concerns regarding the global slump rose, making the high-yielding emergent […]
Read moreThe yen and the greenback proceeded for a third day dropping as a report in the United States today is likely to indicate that the industrial production is shrinking at a slower pace, rising confidence that the global slump is easing, and consequently pushing traders to high-yield. A very positive day in stock markets this Tuesday has attracted investors to purchase high-yielding assets, damping demand for the safety of the […]
Read moreFundamental indicators that were released today only follow the trend set up on the Forex market, where EUR/USD pair rose to its new weekly high as the traders favored high-yielding assets. Bad macroeconomic releases from U.S. didnt help the dollar to grow against the euro. EUR/USD is now trading near 1.4090. CPI increased at a seasonally adjusted rate of 0.7% in June, following 0.4% gain in May. […]
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Read moreThe Brazilian currency rebounded against the U.S. dollar after May retail sales were published today, with better than expected figures, indicating that the Brazilian economy is recovering from the worse recession since the real was introduced in 1994. Both international and national events helped the real to gain today against several currencies, in Brazil, retail sales grew 4 percent in May in the annualized figures, improving traders confidence […]
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