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Day: September 9, 2009
September 92009
Polish Zloty Declines After Bond Sale Fiasco
The Polish currency declined today versus the euro after a Polish central bank 5 bond sale that ended with just slightly more than half of the bond offered sold, suggesting that attractiveness and confidence towards zloty-priced assets remains rather mediocre. After the government announced that the budget deficit in the country will double next year, the first bond auction in the country did not reflected in a significant number of sales, […]
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September 92009
Canadian Dollar Remains High Before Bank Declarations
The Canadian currency, which has been benefiting together with several other currencies linked to commodities and equities performances, continued at a high level before a central bank meeting today that may indicate concerns with the current loonie’s rally. After being traded near a one month high yesterday, the Canadian currency remained bullish as house starts surged in the country, suggesting that the North American nation may soon find […]
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September 92009
Retail Sales Report Affects Australian Dollar Performance
The Australian currency, which touched the highest level in one years versus its U.S. counterpart yesterday, fell as domestic reports indicated today that the country’s economic health is not as good as perceived by investors, mainly in the sales and real estate sectors. After the Australian government published a report indicating that home loan approvals declined for the first time since the end of last year, the Aussie declined versus virtually all […]
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September 92009
Dollar Rebounds as Stocks Fall
After a sharp decline yesterday due to increased risk appetite in stocks markets globally, the dollar rebounded today as speculations led traders to understand that the current gains in equities may not reflect the real potential of world economic and corporate growth. The U.S. dollar rebounded slightly after being traded at the lowest level versus the European common currency yesterday this year, as a report showed that consumer prices in the bloc’s wealthiest country, […]
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