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Day: December 3, 2009
December 32009
Crude Oil Tumbles Pushing Canadian Dollar Down
The Canadian dollar is extremely linked to the crude oil and equities markets performance, and after a day of rising risk aversion, the loonie declined as appeal for commodities and stocks dropped. After touching a two-week high versus the U.S. dollar this week as risk appetite surged in the beginning of the week, the Canadian currency witnessed a declined as stocks pared gains and demand for commodities declined, halting the loonie’s rally and erasing its previous weekly gains partially. USD/CAD […]
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December 32009
Mexican Peso Up as Stocks Hit Record High
The Mexican currency had a winning performance versus several important currencies as stocks rallied on speculations that the Latin American economy will recover faster than other emergent markets. After Mexican equities touched the highest level in two years, the peso found support to advance considerably versus a number of currencies after Mexico’s rating was raised by JPMorgan Chase & Co., adding confidence that the Latin American nation is […]
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