The Brazilian real continue to set new record highs for 2009 today as risk appetite emerged influenced by a Australian central bank decision to raise its benchmark interest rates, fact which was interpreted as an evident sign of economic improvement globally. The Brazilian currency strengthened beyond $1.75 today versus the U.S. dollar, rate which was only perceived last year prior the global slump worst moments in the second semester […]
Read moreSpeculations suggesting that the world economic conditions will improve faster than previously imagined, helped stocks and commodities to rally today, consequently helping the Canadian dollar to grow versus its U.S. counterpart. The Canadian dollar benefited today of a interest rate hike in Australia signaling that the world gradually returns to economic stabilization as the Australian central bank attitude was celebrated by an increase in risk appetite in trading markets worldwide, favoring […]
Read moreAustralia was the first country to increase its borrowing costs after the global slump impacted the wealthiest nations around the globe setting most benchmark interest rates to record lows. The Australian dollar benefited from this unexpectedly positive scenario surging versus all 6 major traded currencies. A part from the Reserve Bank of Australia interest rates hike that helped the Aussie to climb to its highest level in 14 months […]
Read moreThe pound was once again hit by negative domestic data which forced the British currency down versus the euro, Swiss franc as manufacturing in the country declined to the lowest level in more than a decade, raising concerns about the British economic future. The British pound lost today specially against the euro after a domestic report in the country indicated that manufacturing production slid much beyond forecasts and to the lowest level since 1992, […]
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