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Day: August 26, 2009
August 262009
Crude Oil Puts Mexican Peso Further Down
The Crude oil has been declining this week as uncertainties towards its demand have been rising on markets globally, Mexico, one of the biggest suppliers of oil to the United States, is witnessing a severe decline on its national currency as the demand for crude oil falters. The Mexican currency has been one of the most volatile these days, influenced by constant sentiment changes in global financial markets, which affect the crude oil […]
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August 262009
Dollar Gains on China Industrial Concerns
The dollar gained today versus most of the main traded currencies as concerns that industrial capacity in China will be curbed and a disappointing climb in U.S. durable good orders spurred demand for safety, which is currently favoring the greenback. This week has been positive for the U.S. dollar mainly versus the pound, which is facing domestic economic problems as the national central bank is struggling to end the current recession in the country. […]
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August 262009
Pound Declines on U.K. Economic Figures
The pound posted another day of losses versus most of the 16 main traded currencies as the economic situation in Great Britain remains behind most of the other main global economies, decreasing attractiveness for the British currency. Today’s published data and tomorrow’s forecasts are once again impacting the pound which is posting the sixth consecutive day of losses versus the euro, since U.K.’s economic outlook is currently far more negative than […]
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August 262009
German Business Sentiment Fuels Euro Rally
After a rather mediocre start in the beginning of this week the euro had a positive performance today as German business sentiment rose again suggesting that the Eurozone member countries are finding its path out of recession. The German Ifo business climate index climbed beyond economists expectations this morning as confidence is rising towards the country’s economy, fact which brought the euro to the highest level in almost 3 months versus […]
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August 262009
EUR/USD Down on Good U.S. News
After posting a clear doji candlestick yesterday, EUR/USD is now falling down despite the good fundamental reports from U.S. accompanied by the stock market growth there today. It’s a rather uncommon case for the dollar to gain with the good macroeconomic reports, but it looks like the traders are interpreting these positive factors as the signals that the U.S. interest rate will be raised soon. EUR/USD is […]
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