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Day: September 22, 2009
September 222009
New Zealand Dollar Hits Record High on Accounts
The kiwi, how often the New Zealand currency is referred to, touched an eleven-month high versus the greenback and gained versus most of the 16 main traded currencies as international and domestic factors raised attractiveness for the high-yield profile of the South Pacific currency. Today, the current account deficit shrank to the lowest level in 4 years in New Zealand, fact which could be interpreted as another improvement for the kiwi recovering economy. Being a producer of agricultural […]
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September 222009
Dollar Tumbles on Stocks and Optimism Rebound
After gaining slightly versus most of the 16 main traded currencies yesterday as stocks fell and risk appetite declined, today market trends reverted, attracting investors to yield and setting a new record low for the dollar versus the euro in 2009. Most of the main traded currencies, and specially the high-yielding ones linked to commodities and stocks performance climbed today versus the greenback after the Asian Development Bank affirmed that economies in the continent may experience […]
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September 222009
E-Global Trade & Finance — Forex Broker with Liberty Reserve
Today I’ve added another Forex broker to the site — E-Global Forex. It’s not a new broker (they’ve been on-line since 2007) and they also have a rather popular IB company working for them — Forex4you (which has some additional features compared to E-Global). Apart from the standard Forex trading accounts that start from $100, E-Global offers cent accounts that have only $20 minimum and allow […]
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September 222009
Brazilian Real Down on Trade Surplus Revision
Domestic and International events brought the Brazilian currency down today after touching the highest rate in one year last week, suffering the consequences of corrective movements in trading markets combined with a degree of pessimism. The Brazilian real declined today after the trade surplus target was lowered by the country’s government, suggesting that the global economic situation is still influencing negatively on the demand for South American products, causing the real to lose […]
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September 222009
Canadian Dollar Declines Further on Commodities
The Canadian currency, highly linked to commodities and equities markets fluctuations declined today as corrective movements affected stocks globally, as optimism is not as significant as last week among investors. The loonie, as often the Canadian currency is associated, declined extending losses of last week’s session end, when it declined from a one-year high versus the greenback on renewed global economic optimism. Bank of Canada officials mentioned multiple times that […]
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