Day: December 15, 2009

December 15
2009

Inflation Growth Helps Pound to Gain

The pound gained today versus several important currencies and specially versus the euro after a report showed an increase in the U.K.’s inflation, helping speculations that interest rates will be raised in the country to grow. Even if inflation is still below Bank of England‘s target of 2 percent reaching 1.9 percent in the annualized figures for the past month, it beat forecasts and added confidence that interest rates will rise in Britain […]

Read more
December 15
2009

Canadian Dollar Rallies Fueled by Oil Performance

The Canadian dollar managed to climb versus most of the 16 main traded currencies as its main export, the crude oil, advanced today after posting its sharpest fall this year in the beginning of this week’s session. The loonie, as its widely known in currency markets, rose today versus the majority of currencies as a report in the nation showed that leading economic indicators rose significantly in the country last month, beating estimates by more than […]

Read more
December 15
2009

Dollar on Record High Before Reports

The U.S. dollar reached the highest rate in more than 2 months as a speculations regarding a series of reports to be released today indicate that favorable numbers will help the Federal Reserve to lift stimulus measures raising attractiveness for assets in the world’s wealthiest nation. Speculations regarding interest rates continue to fuel a dollar rally that made it climb from the lowest rate in 15 months two weeks ago to the highest price […]

Read more
December 15
2009

EUR/USD Continues to Fall on U.S. Optimism

The EUR/USD currency pair continued to fall today as optimism towards the U.S. economy and a change in Federal Reserve monetary policy attracted more investors to purchased dollar-priced assets. In Europe, a frustrating economic sentiment report forced the European common currency down versus most of the main traded options in foreign-exchange markets and touched the lowest rate versus the greenback in two months. EUR/USD remains bearish at a current level of 1.4555. Producer Price Index (PPI) […]

Read more
December 15
2009

Dollar Down Slightly on Temporary Risk Appetite

After several days gaining versus most of the 16 main traded currencies, the dollar dropped since risk appetite provided strength for currencies to gain versus the greenback, erasing partially gains earned on previous sessions. The U.S. dollar had its rally halted today as optimism surged regarding the Dubai financial situation, as its brother Emirate, Abu Dhabi, started a bail out process essential for avoiding chaos in financial markets world […]

Read more
December 15
2009

South African Rand Remains Bullish on Dubai Optimism

The South African rand extended gains from last week as concerns regarding Dubai’s debt declined today, providing support for risk fueled traders to purchase assets in emergent markets and commodity linked countries like South Africa. After the Abu Dhabi financial authority bailed out Dubai with $10 billion, concerns that a major debt disaster involving European banks cooled down today, allowing risk appetite to grow […]

Read more