Day: July 16, 2009

July 16
2009

Mexican Peso Falls Again on Crude Oil

Mexico is, together with Canada, one of the main energy suppliers for the United States energy demands, and its national currency, the peso, fell again today as the crude oil declined in New York. The Mexican peso posted the eighth fall in nine days as the price of crude oil declined in New York, consequently impacting the Mexican currency, since one of the nation’s main exports is the oil, which mostly has the United States as its […]

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July 16
2009

Canadian Dollar Down as Crude Oil Declines

The Canadian dollar, which started the week with an outstanding performance as traders, attracted by yield and driven by optimism, bought the loonie, fell today against several currencies as the crude oil, the main Canadian commodity export, declined. The loonie fell for the first time in four days as speculations rose today, that the CIT Group Inc., one of the biggest financial conglomerates in the world, may file for bankruptcy, avoiding risky attitudes from traders, that opted […]

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July 16
2009

Euro Continues Rally Against U.S. Dollar on Risk Appetite

The euro is having one of the most positive weeks against the U.S. dollar in two months, as a risk appetite wave brought investors to purchases euro-priced assets. The euro is climbing significantly against the U.S. dollar and may soon raise concerns that exporters in the region will be affected, if last year’s rally would […]

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July 16
2009

Yen Rises on CIT Group Bankruptcy Speculations

The yen started today rebounding against several currencies like the euro and the pound, after CIT Group Inc. said it will probably not receive a federal loan to attempt a restructuring plan, leaving space for speculations that the commercial lender may file for bankruptcy. The yen was losing against virtually all 16 major traded currencies this week as risk appetite grew fueled by new evidences that a global economic […]

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July 16
2009

Negative TIC Data Spur Dollar Sale

EUR/USD rose for a second day today as the long-term U.S. securities transaction balance appeared to be negative in May. Euro rose against the dollar not as fast as yesterday but it still continued to dominate on Forex over the less interest-rich currencies. EUR/USD is now trading near 1.4124. Initial jobless claims in U.S. were reported at 522k for the last week; that’s 47k below the previous value of 569k. […]

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July 16
2009

Interview with FxCompany

I’ve been contacted by a representative of FxCompany that asked me if I can do an on-line interview with him. So, I decided that the readers of my blog would probably be interested to hear what one of the popular MetaTrader broker can say about its business and the overall market situation. I’ve sent the questions to Mr. Andrew Mecow, the Head of Partners Department, and soon received his answers. And now you can read […]

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