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Day: July 28, 2009
July 282009
Yen Rebound After U.S. Confidence Report
The yen post the first significant gains in more than a week versus currencies like the pound and the euro after risk aversion returned to markets today, pushing investors towards the safety of the Japanese currency. A report today in the U.S. indicated a decrease in consumer confidence in the month of July, which affect trader’s sentiment towards risky assets in stock markets, raising once again attractiveness of refuge currencies like the Japanese yen and the Swiss franc. The yen […]
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July 282009
Crude Oil Decline Interrupts Canadian Dollar’s Rally
The Canadian dollar lost today for the first time in more than a week as stocks and the crude oil had their first decline as risk aversion reappeared in financial markets worldwide. The loonie ended a long streak of gains versus the greenback today after an U.S. consumer confidence report indicated a decline beyond estimations, affecting stocks markets and commodity prices automatically, and consequently weakening the extremely commodity-linked Canadian currency. Even with today’s decline, […]
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July 282009
Dollar Remains Bearish as Stocks Rally
The U.S. dollar entered another day of losses versus most of the 16 main traded currencies as stocks worldwide continued to rally, raising investors’ confidence to purchase assets in emergent-markets and other higher-yielding options. The U.S. is facing its biggest losses since last year when it reached $1.60 versus the euro as optimism is back in stock markets, pushing traders to higher-yielding assets. The Australian dollar gained versus the greenback as speculations indicate that the Australian central bank may raise interest […]
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July 282009
Australian Dollar Hits Year-High after Central Bank Statement
The Australian dollar reached the highest level versus its U.S. counterpart today after the national central bank Governor affirmed that the current crisis in the country may not be as serious as considered previously. The Reserve Bank of Australia Governor Glenn Stevens stated today that the current crisis which the country is going through may not be the worse after the World War II, as so often stressed by analysts. This declaration helped the Australian currency to climb to the highest level versus the greenback as several […]
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July 282009
EUR/USD Slumps on Worsening Consumer Confidence
EUR/USD is currently posting a biggest daily drop since July 10th as the consumer confidence report for July along with the housing data for May cut the traders’ hopes for the fast economical recovery and boosted the attractiveness of the U.S. dollar in the Forex market. EUR/USD is now trading near 1.4173. S&P/Case-Shiller Home Price index for 20 U.S. states was at a seasonally adjusted level of 140.05 in May that’s a 17.05% drop compared to a year before. A decline by 17.90% was expected following an 18.10% drop in April. Consumer confidence […]
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