Day: August 20, 2009

August 20
2009

Brazilian Real Declines on U.S. Jobs Data

The Brazilian real declined today slightly, after three consecutive days performing positively, as U.S. jobless claims posted an unexpected rise, damping demand for emergent-market currencies. After climbing on national unemployment data, which dropped to 8 percent in July from 8.1 in June, the Brazilian currency was affected by overseas job figures, as a U.S. report indicated that more unemployed people filed for benefits in July, proving economists expectations […]

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August 20
2009

Goldman Sachs Influences Canadian Dollar Rally

The Canadian dollar traded at the highest level this week after one of the most relevant investment banking corporations in the world suggested that the loonie is likely to gain versus its U.S. counterpart in the short term. Goldman Sachs Group Inc. stated through a note today that the Canadian dollar profile extremely related to crude oil rates is likely to be more attractive then its U.S. counterpart, according to the investment […]

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August 20
2009

Pound Slashes Gains on Record Deficit

The pound, which benefited yesterday from a new wave of risk appetite in European markets declined erasing most of its previous gains as today, a report indicated the largest budget deficit for the month of July since 1993, raising concerns regarding U.K.’s financial health. Multiple reports have been posted recently indicating that Britain’s financial health is one of the most delicate among the world’s main economies, today, a report published […]

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August 20
2009

Asian Stocks Force Yen Down

The yen lost in the beginning of today’s session in Asia, as stocks climbed in China and South Korea, bringing a certain level of confidence that helped investors to search for higher-yielding options, selling yen-priced assets. Multiple reasons made the yen to lose versus most of the 16 main traded currencies, as stocks climbed worldwide, providing support for the MSCI World Index to gain for the second day in a row, raising confidence among investors globally. The Norwegian krone was […]

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August 20
2009

EUR/USD Floats Near Open After Small Rise in Jobless Claims

The euro is trading slightly below its open level against the greenback after the initial jobless claims report showed a small rise today. EUR/USD is currently floating near 1.4219 after opening at 1.4233. Initial jobless claims went up from 561k to 576k during the last week, while they were expected to go down to 550k. Philadelphia Fed index increased from -7.5 to 4.2 in August. A rise […]

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