Day: July 23, 2009

July 23
2009

South African Rand Climbs on Corporative Fusion Speculations

The South African Rand climbed sharply today as a stake in one of the main South African mobile operators may be purchased by an Indian group, injecting money in the country and raising confidence for the rand outlook. Bharti Airtel Ltd. is the main mobile-phone operator in India, and would be interested in purchasing a […]

Read more
July 23
2009

Chilean Peso Hits One-Week Low on Copper Prices

The Chilean currency had a weakening performance today, as the copper, one of the main exports of the South American nation declined, damping demand for the peso. Chile is the world’s main copper producer, and today, most of metallic commodities dropped, as deposits are rising, causing a less intense demand to correct the price of […]

Read more
July 23
2009

New Zealand Dollar Rallies on Corporate Earnings

The New Zealand currency is trading this week near to a nine-month high versus the U.S. dollar, as corporate earnings and stocks performance attracted investors to the riskier profile of the kiwi if compared to more conservative currencies like the greenback and the yen. The New Zealand dollar traded yesterday in its highest level versus the greenback after the Standard & Poor’s 500 Index reached […]

Read more
July 23
2009

Yen Declines as Stocks Rally Spurs Demand for Risk

The yen lost against all 6 major currencies as stocks continued a rally that is already the longest since 2003 on speculations that the global slump maybe ending, damping demand for the safe profile of the Japanese currency. The yen lost the most versus the euro today as Japanese financial corporations raised over 700 billion yen to purchase assets abroad, damping demand for the Japanese […]

Read more
July 23
2009

EUR/USD Posts Small Change for 3rd Day

EUR/USD rose slightly today, but again, just insignificantly, hovering slightly below the major resistance line. The lack of significant movement in the dollar-against-euro pair was accompanied by the increase of the initial jobless claims in the past week. EUR/USD is now trading near 1.4222. Initial jobless claims were at 554k last week — that’s a 30k increase compared to the previous week’s 524k. The release came out to be almost exactly the same as the forecast value of 555k. Existing home […]

Read more