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Day: July 29, 2009
July 292009
Canadian Dollar Tumbles Again as Oil Slides
The loonie fell again today after having interrupted its rally versus the greenback on Tuesday due to a fall in crude oil rates, affecting directly the commodity-linked Canadian currency. The Canadian dollar did not manage to rebound versus its U.S. counterpart as stocks and commodities fell today, pushed by a U.S. durable good orders report which indicated rather pessimistic figures for the past month, forcing investors to purchase safer assets […]
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July 292009
Brazilian Real Declines on Faltering Trade Surplus
The Brazilian currency posted a second day of losses versus the greenback as the national current account showed worse than expected data for the month of June, damping demand for the real in international markets. The Brazilian real lost today as the trade surplus for the month of June came with less optimistic numbers as estimated by most of the economists, adding concerns about the economic recovery of South America’s wealthiest nation. The real was also affected by a higher […]
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July 292009
Euro Down as Risk Aversion Returns
The euro is losing since yesterday versus currencies like the yen and the dollar, as a report yesterday showed a decline in consumer confidence in the United States, spurring demand for refuge currencies like the Swiss franc and the yen. After being traded at the highest price since June 2, the euro declined significantly versus the greenback as reports in the U.S. this week brought pessimism back among traders. Yesterday’s data indicated that the consumer confidence figures […]
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July 292009
Dollar Rebounds Versus Euro on Reports Speculations
The dollar reverted its trend of already two weeks losing versus several main traded currencies, after speculations that this week’s reports will post rather pessimistic figures, raising attractiveness for the safety of the greenback. After yesterday’s consumer confidence report that interrupted a sharp rally among high-yielding currencies and in equities markets, the dollar is gaining for the second day in a row, as speculations suggest that today, another report, this […]
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July 292009
EUR/USD Down on Durable Goods Orders News
Euro continued to fall for a second day against the U.S. dollar today as the durable goods orders in U.S. unexpectedly fell at a very fast pace. This is the second day in a row with the bad macroeconomic statistics from United States. EUR/USD is now trading near 1.4099. Durable goods orders declined by 2.5% in June, following 1.3% growth in May. The market analysts expected a decline from this report but […]
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