Day: September 25, 2009

September 25
2009

Brazilian Real Declines Again on Slow Economic Recover

The Brazilian Real had an extreme volatile week, declining again towards the end of this week’s session after hitting the highest rate in 2009 versus the greenback days earlier. A rather bearish tone in commodities and equities markets towards the end of this week’s session affected negatively the performance of the emergent-market Brazilian currency, as traders opted for safety considering statements made in the G-20 meeting and a drop in U.S. durable good orders. USD/BRL traded at 1.8003 […]

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September 25
2009

Yen Extend Gains after G-20 Meeting

The Group of 20 meeting moved market sentiment towards the end of this week’s session, and the yen was one of the best performing currencies climbing to a seven-month high after statements made in the meeting. Japan’s Finance Minister Hirohisa Fujii stated today, in the G-20 meeting, his opposing position to any kind of intervention in currency markets, adding confidence for traders to purchase yen-priced assets towards the end of this week’s session, as the yen gained versus […]

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September 25
2009

Pound Touches Record Low on G-20 Meeting

The British currency was once again affected by the international economic scenario reaching the lowest rate versus the euro in six-months, as the G-20 announced that banking institutions will be better regulated in order to avoid future credit crunches, reflecting negatively in the already weakened British financial system. The pound is losing versus virtually all of the 16 main traded currencies towards the end of this week as the Group of 20 is likely to present […]

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September 25
2009

New Zealand Dollar Climbs on G-20 Stimulus

The New Zealand currency has been one of the best performers among the 16 main traded ones in foreign-exchange markets, since the global economic recovery brought risk appetite back among investors which are purchasing assets in the South Pacific region heavily. After the New Zealand government indicated that the nation’s economy grew in the last quarter dodging recession, the kiwi found support to climb for another week versus the greenback, making […]

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September 25
2009

EUR/USD Grows on Consumer Sentiment, Ignores Housing

EUR/USD went up slightly at the Forex market today as the traders are unsure whether it’s a good idea to go for a full-scale correction after months of growth. The currency pair was in a consolidation during the early trading session but then went into a green zone after the traders began to react on the positive consumer sentiment report, ignoring the worse than expected data on new home sales in United States. EUR/USD is now […]

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September 25
2009

Faltering Oil Affects Canadian Dollar Performance

The Canadian dollar along as other high-yielding currencies, witnessed a fall today in trading markets as the crude oil price, one of the main nation’s exports, declined sharply, affecting the loonie’s performance in foreign-exchanges markets towards the end of this Thursday. Stocks and commodities play a significant role in the Canadian dollar performance, and today, as risk aversion rebound slightly, a down market in equities impacted negatively the loonie, which fell versus most of the 16 main traded […]

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