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Day: September 30, 2009
September 302009
Canadian Dollar Roses Sharply on Commodities
The Canadian dollar, one of the most dependent currency to stocks and commodities, climbed significantly today as optimism pushed the crude oil and gold rates up, suggesting that the global economy will improve demand for Canadian exports. The loonie, as the Canadian dollar is often referred, witnessed a significant rally today being the sharpest climb in September provoked by optimism that increased risk appetite among traders as commodities rose and the International Monetary Fund cut […]
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September 302009
Commodities Push Brazil’s Real to One-Year High
Optimism returned to markets today affecting negatively currencies like the yen and the dollar at the same time that emergent market currencies, like the Brazilian real, witnessed a rally today, as commodities climbed worldwide. The Brazilian currency managed to touch the highest rate in a year as a renewed demand for commodities increased the price of Brazil’s main exports, consequently providing support for the real to grow together with other emergent market currencies versus lower-yielding majors in foreign-exchange […]
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September 302009
Dollar Slightly Down But Spike Hints Bearish Sentiment
The U.S. dollar dropped against the euro today after some rather good fundamental reports on employment and total economic output. But the upward spike on the EUR/USD chart, which is significantly higher than the daily gain hints that the bearish sentiment among the traders is still quite strong near 1.4670 level. Currently, EUR/USD is trading near 1.4517. ADP employment change report for September 2009 showed a decline […]
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September 302009
Aussie Further High on Retail Sales
The Australian dollar extended its record high after a report indicated that retail sales grew for the first time in three months, providing support for speculations that the South Pacific nation will raise interest rates before the end of the year. The Aussie is the best performing currency among the 6 majors in 2009 due to the country’s resilience from the global slump which affected other regions, specially North America and Europe more […]
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September 302009
Dollar Down on Interest Rate Speculations
The U.S. currency slashed previous gains in the beginning of the Asian trading session today as speculations suggested that interest rates will be maintained at record lows for an extended period of time in the United Stated, indicating that the economy will need further stimulus to surpass the recession. Federal Reserve officials are likely to state today that interest rates in the United States will remain low for an undetermined amount of time, according to speculations, causing […]
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September 302009
Pound Decline Stops on Retail Sales
After declining to record low in months versus the euro and the dollar, the pound rebounded today as reports unexpectedly improved the sentiment towards the economic recovery in the United Kingdom, stopping the losing streak for the British currency. ?he Office for National Statistics posted a report today indicating a lower than expected decline in U.K.’s gross domestic product, which combined with a positive retail sales report provided support for the British currency to pare some of its […]
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