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Day: August 25, 2009
August 252009
Canadian Dollar Declines on Government Statement
The Canadian dollar declined from the highest level in 2 weeks today as commodities slid on renewed pessimism and a central bank official’s statement suggested that the current strong loonie may jeopardize the national economic growth. After a negative day for stock markets mainly driven by pessimism towards the North American real estate market, the crude oil, one of the main Canadian exports, weakened, pushing the loonie down from a 10-day high. […]
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August 252009
Polish Retail Sales Fuel Zloty’s Rally
The Polish currency touched today its highest level in seven months versus the euro after a retail sales national report suggested that the country may be finding its way out of recession. Retail sales published today in Poland indicated positive figures beyond analysts expectations, providing support for the Polish currency to climb versus the euro and the dollar in foreign-exchange markets as Poland is proving itself one of the most resilient countries […]
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August 252009
Yen Gains on Stocks Corrective Movement
The Japanese currency gained today in Asia versus the South Korean won and in Europe versus the pound and the euro as stocks had a negative performance today after 5 consecutive days winning on renewed optimism towards the global economic situation. Virtually all of the 16 most traded currencies slid versus the yen today as equities markets declined today on Chinese Premier Wen Jiabao statement regarding the future of the global economy, which is still […]
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August 252009
Pound Down on Chinese Comments
The U.K. currency posted losses today versus the euro and the greenback as stocks declined in the country and the Chinese Premier Wen Jiabao affirmed that the world economy is still facing a period of uncertainty, which brought risk aversion back in trading markets. A reversal trend in equities markets pushed the British currency down and the MSCI World Index lost consistently mainly influenced by Asian stocks, who had a negative day after Chinese […]
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August 252009
Consumer Confidence Above 50 Boosts EUR/USD Up
The dollar is currently losing against the euro on the Forex arena after falling slightly yesterday. The European currency gains from the improved outlook for the global economy on positive consumer confidence and home price index in U.S. EUR/USD currency pair is now trading near 1.4324. S&P/Case-Shiller home price index for 20 U.S. states reached a seasonally adjusted rate of 141.31 in June — that’s a 15.45% drop compared to June 2008 but […]
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