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Day: August 19, 2009
August 192009
Canada’s Dollar Losing Streak Ends on Oil Rebound
The Canadian currency, which lost more than 3 percent versus its U.S. counterpart during the last week, rebounded today as oil rates climbed in New York trading markets. U.S. stocks climbed today after a rather negative session yesterday, providing support for Canada’s main export, the crude oil, to climb, influencing the loonie’s performance and ending more than a week of losses versus the greenback. The Canadian dollar is one […]
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August 192009
Dollar Down as Stocks Rebound
The dollar reverted its winning trend from yesterday as equities markets climbed worldwide, damping demand for the relative safety of the U.S. currency. The dollar lost versus the euro today as risk aversion declined, pushing stock markets up worldwide, and bringing investors back to high-yielding investments, influencing the crude oil and metallic commodities rates today in New York. Currencies like the Australian and the New Zealand dollar also pared losses against the greenback […]
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August 192009
Quantitave Easing Speculations Affect Pound Performance
The pound erased yesterday’s gains this morning after the Bank of England may insist in further quantitative easing measures as an attempt to revive the weakened British economy, which was one of the most affected by last year’s credit crunch. The pound is losing today versus most of the 16 major currencies after Bank of England Governor Mervyn King suggested that further measures should be taken in order to rescue the British […]
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August 192009
Asian Bearish Market Spurs Yen Demand
The yen continued to grow today as equities markets in Asia had a faltering performance, since concerns about the economic recovery in the region remain very vivid, fueling demand for the safety profile of the Japanese currency. Stock markets in Asia declined today, led by pessimism in Shanghai and Beijing concerning the economic health of the region and demand for Chinese products abroad, helping the yen to gain versus all 16 major traded currencies, since the Japanese currency […]
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August 192009
Sharp Rise in EUR/USD as Oil Invenotires Drop
EUR/USD posted a big gain today, following a smaller rise shown yesterday, and is now trading just below Friday’s open level. The growth of euro against the U.S. dollar happened despite the poor fundamentals from Europe and other developed economies. United States aren’t very rich on the important Forex-influencing reports today — only crude oil inventories have got their release, but they managed to shake the market fully. […]
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