Day: October 30, 2009

October 30
2009

Japanese Yen Rises on Funds Repatriation Speculations

The Japanese yen grows against the U.S. dollar today after yesterday’s correction on USD/JPY pair, as the traders are speculating on the possible funds repatriation performed by the Japanese exporting companies. The Bank of Japan left the reference interest rate unchanged at 0.1 percent. The institution also released a statement, showing that it may stop buying domestic corporate debt by the end of the year, showing a confidence in a stronger economy. The yen rose against […]

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October 30
2009

EUR/USD Shows Record Weekly Fall Since April

The dollar is rising against the euro today, almost snapping the yesterday gain on EUR/USD, as the personal income and spending statistics worsened in September. The macroeconomic reports that were released today sent the stock markets down after a yesterday rally and the euro continued it’s weekly slump, showing a biggest 5-day drop since April this year. EUR/USD is trading at 1.4746 now. U.S. personal income remained unchanged in September after […]

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October 30
2009

Pound Extends Gains on Mortgage Approvals

The pound has been recovering steadily this week and extended its gains this Thursday as mortgage approvals in the British Isles rose, adding investors’ confidence to inject capital in the U.K.’s financial sector, fueling attractiveness for the British currency. The pound rose today after mortgage approvals came better than expected, indicating that British real estate sector may be recovering, which coincided with a quarterly GDP reporter in the U.S. […]

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October 30
2009

Brazilian Real Rebounds on Domestic and Global Optimism

The Brazilian had one of the sharpest climbs versus the U.S. dollar today as both the domestic and international economic scenario set the risk appetite high increasing appeal for emergent market currencies, and setting the greenback down versus most of the 16 main traded currencies. After a report showing a growth for the past quarter in the world’s wealthiest nations, the United States, risk appetite surged in currency markets favoring the Brazilian real that also gained due […]

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October 30
2009

Canadian Dollar Reverts Negative Trend on Stocks Rebound

The Canadian dollar, which posted consecutive days of losses during this week changed its negative trend after stocks recovered globally fueled by a report that showed a quarterly growth for the U.S. economy, which sparked risk appetite once again among traders. The Canadian currency found grounds to recover part of this week’s losses as the U.S., main trading partner and biggest consumer of Canadian commodities posted the first quarterly […]

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