Day: November 19, 2009

November 19
2009

Swiss Franc Drops on Financial Regulations

The Swiss currency lost against most of the 16 main traded currencies as speculations suggests that the country is likely to tighten its financial regulations, decreasing attractiveness for the franc. The franc used to be, together with the U.S. dollar and the yen, a currency considered as a top refuge, but today, after Swiss National Bank officials statements that regulations may be tightened in the country emerged, due to the financial sector’s dimensions in the country, the franc […]

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November 19
2009

Chilean Peso Down on Central Bank Statement

The Chilean peso had a rally that set it to the highest rate in 2009 stopped after the central bank made a declaration regarding the current currency’s strength. After touching a recording high for this year versus the U.S. dollar this week, the Chilean peso went down today after the national central bank President affirmed that interventions are not ruled out, affecting market psychologically and forcing the nation’s currency down. […]

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November 19
2009

Canadian Dollar Deepens Losing Streak

It has not been a favorable day for the Canadian dollar as stocks went down globally, the crude oil, one of the nation’s main export tumbled, and more risk averse traders opted for the safety of Canada’s counterpart currency in the United States. The Canadian dollar is facing one of the sharpest losing streaks in months during the past two days as appeal for the commodity and stocks linked currency was affected in a rather pessimism day in currency markets. […]

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November 19
2009

Yen Gains on Bearish Stocks Session

The Japanese currency was one of the biggest winners together with the U.S. dollar in trading markets this Thursday, as stocks fell globally, declining appeal for higher-yielding currencies as risk aversion rose, favoring the safety profile of the yen, considered the top refuge currency in days of pessimism. In a very risk averse session today all emergent market currencies backed down massively versus the Japanese yen that actually rose versus all 16 […]

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November 19
2009

EUR/USD Falls on Risk Appetite Decline

The EUR/USD currency pair dropped significantly today after a considerable rise yesterday, in a week marked by high volatility so far. A negative day in stocks markets and a rising risk aversion brought investors back to dollar-priced assets, in a day were refuge currencies like the yen performed the best. A part from a better than expected Philadelphia Fed index, reports published in the U.S. had a insignificant influence in the currency pair. EUR/USD is […]

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