Day: September 8, 2009

September 8
2009

Mexican Peso Extends Gains on Optimism

The Mexican peso had the fifth consecutive gains versus the U.S. dollar as optimism is helping stocks to climb globally, damping demand for the greenback and attracting investors to emergent markets like Mexico. Mexico is along with Brazil, South Africa and others, one of the nations that witnessed a climb in their currencies’ value this week as renewed risk appetite initiated an exodus of capital from currencies like the U.S. dollar and the Japanese yen, […]

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September 8
2009

Brazilian Real Benefits From Stocks Climb

The Brazilian real hit today a 3-week high versus the U.S. dollar as optimism forced up commodities and equities rates, bringing investors towards riskier assets in emergent markets like those of South America. Several events occurred this week bringing risk appetite back among traders, as car sales in China expanded in August and commodities climbed, favoring Brazil’s currency, since the South American nation has one of the main destinations […]

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September 8
2009

Pound Climbs on U.K. Manufacturing

The pound climbed today versus most of the 6 main traded currencies as the situation starts to become more positive for the British economy, pushing stocks up in London and consequently attracting international inflows of capitals to the United Kingdom. After U.K. manufacturing output had the highest climb in 18 months today in a report published by the Office for National Statistics, the pound rose sharply, gaining virtually against all 16 main traded currencies worldwide, […]

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September 8
2009

World Economic Rebound Forces Dollar Down

The dollar is losing this week versus important major currencies like the euro and the pound as renewed optimism towards an economic recovery damped demand for the safety profile of the United States currency, as investors moved their bets to riskier assets. A combination of bullish stock markets and speculations regarding an upcoming credit report in the United States affected the dollar negatively, as at the same time that investors seek higher yielding options as stocks grow, the U.S. […]

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