Day: October 7, 2009

October 7
2009

Chilean Peso Extends Rally on Surplus

The Chilean currency was one of the few traded in foreign-exchange markets that managed to continue a rally versus the greenback, sparked yesterday by a wave of risk appetite that helped emergent market currencies to climb, today, the peso climbed on improved domestic data. The Chilean peso had a second consecutive day of gains versus most of the main traded currencies as an increased risk appetite combined with a better than expected trade surplus for the month […]

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October 7
2009

Canadian Dollar Falls from Record High on Market Confusion

After touching the highest level in 2009 as commodities and stocks climbed and the greenback lost appeal yesterday, the loonie did not manage to sustain its levels and dropped as the crude oil declined today. Yesterday was marked by a raise in risk appetite as interest rates were increased in Australia, providing support for high-yielding currencies like the Canadian dollar to climb sharply hitting the highest levels this year, but today, investors considered yesterday’s […]

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October 7
2009

Yen Climbs on Finance Minister Statements

The yen managed to climb versus several main traded currencies and hit the highest level versus the U.S. dollar after Japanese policy makers affirmed that a strong currency will not impact the country’s economy negatively. The Japanese currency gained confidence today climbing versus the greenback and the euro after the nation’s Finance Minister Hirohisa Fujii affirmed that the yen is currently fluctuating withing comfortable parameters, helping investors to purchase […]

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