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Day: October 28, 2009
October 282009
Crude Oil Affects Mexican Peso Rate
A decline in crude oil rates forced down a basket of currencies which are originally from oil exporter countries, which is the case for the Mexican peso, continuing a losing streak versus the U.S. dollar that started as risk aversion emerged this week. Emergent market currencies like the South African rand, Mexican peso and the Brazilian dollar are having a rather negative performance this week as demand for commodities dropped worldwide, […]
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October 282009
Norwegian Krone Down Despite Central Bank Optimism
The Norwegian krone lost versus currencies like the dollar and the yen, as traders become more risk averse as a negative home sales report was published in the United States, affecting commodities rates and consequently the krone. The Norwegian central bank raised its main deposit rank by 25 points to 1.5 percent and affirmed that the country will grow more than previously expected, but such events were unable to stop the krone […]
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October 282009
U.S. Dollar Rises on Negative Home Sales Report
Markets were affected by pessimism today after a monthly U.S. home sales report was published with rather unexpected negative figures, helping the dollar to gain versus almost all of 16 main traded currencies, as risk averse traders opted for safety this Wednesday in trading markets. The dollar extended this week’s gains today as risk aversion returned to markets after being absent for several weeks as favorable reports […]
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October 282009
Canadian Dollar Down Another Day on Stocks
This week is being one of the most negative for the Canadian currency in months, as stocks and commodities declined significantly, and considering the loonie one of the most influenced currencies by these movements, today’s drop set the Canadian currency to the lowest level in 3 weeks versus the greenback. The Canadian dollar posted a decline versus more than half of 16 main traded currencies today as stocks and commodities faltered once again around the world as risk […]
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October 282009
Fourth Day of Negative Rally on EUR/USD
Higher oil inventories combined with the decrease of new home sales in the United States helped the U.S. dollar move forward against the European currency for the fourth day in a row today. EUR/USD is currently trading near 1.4752. Durable goods orders was the only positive report today that showed a growth by 1% in September compared to August. A month ago 2.6% decline was reported. The median forecast for this indicator’s […]
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