Day: September 16, 2009

September 16
2009

Brazilian Real Extends Record on Economic Recovery

The Brazilian real had another day of gains versus most of 16 main traded currencies and extended its 2009 record versus the greenback as improved economic data domestically and globally brought investors to inject money in South America’s wealthiest economy. The Brazilian real reached the highest rate versus the British pound in 10 years as a wave of optimism fueled by positive economic reports in the U.S. helped traders to bet in the Brazilian economy, as the United States […]

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September 16
2009

Chilean Peso Gains on U.S. Positive Reports

The Chilean peso was one of the emergent markets currencies that benefited from the latest U.S. reports which fueled high-yielding currencies rally and increased traders’ confidence to purchase riskier assets in economic regions like Latin America and the South Pacific. Several reports led speculators to believe that the U.S. economy is already in a recovery path, helping the Chilean peso to grow significantly, since the price of copper, the main Chilean commodity export […]

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September 16
2009

Record Unemployment Affects British Pound

After a report indicating the highest unemployment rate in more than a decade in the United Kingdom, the pound lost versus most of the 16 main traded currencies, as the British economy has been one of the most weakened in the region, shunning investors from assets in Great Britain. Even if the global economy has been showing sings of improvement in the U.K. and globally, unemployment rates are one of the most affected figures by the new adjustments of the economy, […]

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September 16
2009

Will Global Optimism Affect Dollar Until 2010?

The U.S. dollar traded today in the lowest level versus the European common currency as solid evidences of economic recovery continued to appear in North America and worldwide, spurring demand for yielding and weighing on the greenback outlook. Oddly enough, another report to be published today with expected positive figures is already influencing the U.S. currency negatively, as evidences of economic recovery are being interpreted by traders as an increase in confidence to purchase riskier assets, […]

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