Day: August 14, 2009

August 14
2009

Brazil’s Real Worst Performer This Week

The Brazilian currency had its most negative performance in more than a month, making it the biggest loser this week among the 16 most traded currencies, as stocks declined worldwide. Grim numbers reflecting U.S. consumer confidence pushed stocks down this Friday after already negative reports in Europe influenced the markets earlier, making investors to purchase safer assets towards the end of this week’s session, punishing Latin […]

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August 14
2009

Chilean Peso Declines on U.S. Consumer Confidence

The Chilean peso posted the biggest decline in August this week as consumer sentiment declined in the United States during the past month, pushing traders away from emergent market currencies. Commodities and stocks went down today after a report was published in the U.S. indicating a considerable fall for consumer confidence for the month of July, attracting investors to safer investments and consequently damping demand for emergent-market high-yielding currencies, like the Chilean peso. USD/CLP climbed […]

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August 14
2009

Euro Slides on Consumer Prices

The euro is having a slight decline towards the end of this week’s session as consumer prices in the region unexpectedly fell, being the sharpest fall in more than a decade, raising speculations that interest rates will remain around record lows in the Eurozone. The yen is ending the week with a positive performance versus the euro today as negative events marked this Friday financial session in Europe. In Spain, a gross domestic product report […]

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August 14
2009

German Unexpected Growth Improves Zloty Rally

The Polish currency benefited from yesterday’s report indicating an unexpected growth of 0.3 for the German economy in the second quarter, which improved investors’ confidence towards the future of European economic conditions. Among emergent-market currencies, the zloty is being one of the best performing currencies, and yesterday, Germany’s quarterly GDP report pushed the Polish currency even further to higher levels, as improving economic numbers in the region led traders to speculate that the Polish central […]

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August 14
2009

Dollar Down Against Euro on Zero CPI

EUR/USD declined today for the first day since Monday, despite an increase in the industrial production and the capacity utilization, the traders were disappointed in the CPI change value and sold the euro. EUR/USD is now trading near 1.4216. Seasonally adjusted CPI rate remained unchanged in July after increasing by 0.7% in June. The forecasts also showed 0% change for the last month. Industrial production increased by 0.5% in July, following 0.4% decline […]

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