Day: September 24, 2009

September 24
2009

Stocks Force Brazilian Real Down

Global stocks declined today on speculations that interest hikes around the world will be delayed, decreasing attractiveness for higher-yielding emergent market currencies like the Brazilian real, which declined from its strongest level in 2009. Several events declined risk appetite among traders today as the wealthiest nation in the world posted a fall in existing home sales, indicating that the U.S. economic recovery will not be as smooth as previous […]

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September 24
2009

Australian Dollar Climbs on Banks’ Resilience

The Australian dollar climbed today versus most of the 16 main traded currencies as the national central bank affirmed that the largest financial institutions in the country showed themselves resilient from the crisis and are helping the country to recover from the worst recession in decades. The Reserve Bank of Australia provided support for the Aussie to climb against virtually all main traded currencies today as it declared that banks in the country are weathering the country’s economic […]

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September 24
2009

Yen Climbs as Capital Returns to Japan

After three days without financial activities in Japan due to a national holiday, speculations suggested that Japanese capital invest abroad was repatriated today before the end of the fiscal year’s first half in Asia’s wealthiest nation, improving the yen’s sentiment in foreign-exchange markets. The Japanese yen gained today versus most of the main traded currencies after three consecutive days without trading sessions in the Asian country, as Japanese exports fell […]

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September 24
2009

Euro Catches Up vs. Dollar in Correction

After posting a first major declining day since September 1st yesterday, EUR/USD returned to the growth today. The good employment report from U.S. helped the euro to maintain a rather high intraday levels against the U.S. dollar, but the yesterday’s high wasn’t broken yet. EUR/USD is now trading near 1.4734. Initial jobless claims hit their medium-term low according to the latest report — they were at 530k last […]

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September 24
2009

Dollar Rebounds as Pessimism Surges

The dollar changed its losing trend after the Federal Reserve brought pessimism regarding the economic recovery in North America back to trading markets, attracting investors once again to the relative safety of the greenback. Pessimism rose today in stocks and currencies markets as the Federal Reserve indicated that its mortgage purchase program will end later than previously expected, suggesting that credit related to the real estate slump is still affecting […]

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