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Day: August 7, 2009
August 72009
Brazil’s Real Rebounded on U.S. Optimism
The Brazilian real, currency which had its rally halted yesterday as negative reports pushed stocks and commodities down around the world, climbed again today as U.S. employment data came better-than-expected. The Brazilian currency was one of those who benefited today from a U.S. employment report which indicated less job cuts in the nation for the month of July in comparison with June, renewing optimism and increasing risk appetite among traders. […]
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August 72009
Improved Jobs Data Pushes U.S. Dollar Up
The U.S. dollar pared this week’s losses versus the euro as employers cut less-than-expected jobs in the country, adding optimism to the world’s wealthiest economy. The dollar reached a seven-week high versus the yen and gained versus most of the 16 main traded currencies as a report in the U.S. indicated that fewer jobs were cut in July than in June, suggesting that employment conditions are improving in the North America, which reflected positively for the greenback outlook, […]
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August 72009
Rising Unemployment Affects Canada’s Dollar Performance
The U.S. dollar pared most of this week’s losses versus its Canadian counterpart as a report today indicated that the number of job cuts in Canada was higher than what economists predicted. After trading at a 10-month high in the beginning of the week, the Canadian dollar reverted its winning streak and declined even further today as a government report indicated that employment figures shrank much beyond economists forecasts, making the loonie to be […]
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August 72009
Yen Gains on Renewed Crisis Concerns
The yen gained versus several currencies like the euro and the pound as equities markets are ending the week with a rather negative performance, as banks posted losses today. The Royal Bank of Scotland Plc posted its results for the first half of the current year, indicating unexpected losses, which influenced banking shares in stock markets today, creating a negative sentiment that brought investors to the safety of the Japanese currency, which always benefits from […]
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August 72009
EUR/USD Drops on Payrolls Data
The euro dropped against the dollar on the positive (compared to the expectations) nonfarm payrolls data today. It’s quite strange for EUR/USD to react to positive fundamental releases with a decline, but dollar is looking more attractive to the traders right now. EUR/USD is currently trading near 1.4317. Nonfarm payrolls declined by 247k in July, following 443k drop reported for July (revised positively from 467k). A decline by 328k was […]
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August 72009
Canadian Dollar Down as Oil Declines
The Canadian dollar had a second day of negative performance as unemployment in the nation is expected to grow further, damping demand for the loonie. After several days breaking records versus its U.S. counterpart, the perfect scenario for a reversal in the Canadian dollar trend occurred today, as stocks and commodities fell, influencing negatively the loonie’s performance. Reports due tomorrow are likely to indicated improved employed conditions in the U.S., speculations which helped the greenback to pare […]
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August 72009
Brazilian Real Falls on Commodities Decline
Brazil’s real, the best performing among the 16 most traded currencies had the most significant fall in more than a month as commodities declined today, pushing investors away from the South American currency. A number of important Brazilian exports had a decline in their prices today as U.S. services industries contracted, forcing virtually all commodities down today. Brazil is one of the biggest global supplies for grain and metallic commodities, and today’s […]
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