Day: September 2, 2009

September 2
2009

Interest Rates Speculation Push Real Up

The Brazilian currency climbed the most in more than a week as speculations in the country indicate that the central bank interest rates will not continue to be cut. After losing for several days in a row starting last week as higher-yielding currencies lost attractiveness on a new wave of risk aversion, The Brazilian currency rebounded today on optimism brought by speculations that suggest a stop in the central bank interest rate cut policy. USD/BRL traded […]

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September 2
2009

Australian Unexpected GDP Figures Push Currency Up

The Australian dollar gained today versus most of the main 6 currencies as a report indicated that the gross domestic product grew much beyond expectations, raising attractiveness for the Aussie, even if the market sentiment favored low-yielding currencies today. The Australian Bureau of Statistics published today a quarterly GDP report in which the South Pacific country grew 0.6 percent compared to 0.2 percent as most of economists expected. The GDP figures in Australia provided […]

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September 2
2009

Yen Continues Rally as U.S. Banking Sector Deteriorates

Several reasons in Asia and speculations in the U.S. led the yen to extend its gains versus most of the 16 main traded currencies, as pessimism news often raise demand for safer assets, being the yen one of the safest options which benefit from this phenomenon. The yen is being traded at the highest rate in almost two months versus the euro as speculations suggest that the CIT Group Inc.’s financial situation is still deteriorating, […]

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