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Day: December 23, 2009
December 232009
Romanian Leu Hits Record High on New Prime Minister
The Romanian leu touched the highest level in three months versus the euro after the country’s parliament chose its new prime minister, lifting speculations that a political crisis could influence the country’s economy negatively. After the Romanian Parliament approved a new government led by prime minister Emil Boc, speculations that loan approvals necessary for stabilizing the Eastern European economy would not be approved disappeared, helping the leu to advance […]
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December 232009
Russia’s Ruble Climbs Further as Oil Touches $75
The Russian currency benefited from another day of growing demand for the crude oil, providing support for the ruble to advance versus the euro, dollar and the pound, as the demand for energy rises in the coldest season of the year in the Northern Hemisphere. After the crude oil touched $75 a barrel in New York today, the ruble continued its previous days advances versus most of the main currencies as the economic outlook for the world’s biggest energy exporter in 2010 is very optimistic, […]
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December 232009
U.S. Dollar Declines on Frustrating Housing Report
A long winning streak for the greenback versus currencies like the euro and the Aussie dollar was stopped after a housing report was published today bringing rather negative figures much below estimates, providing support for other currencies to pare losses versus the U.S. dollar. The dollar declined sharply versus the yen and the Swiss franc after several days rallying versus most of the 6 main traded currencies after a new home sales […]
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December 232009
Pound Falls Further on BOE Meeting Outcome
The pound declined for another day after policy makers agreed unanimously to extend stimulus in order to rescue the faltering British economy from the longest recession in the last decades, decreasing attractiveness for an already weakened currency in foreign-exchange markets. The U.S. dollar traded near a two-month high versus the British pound after this monthâs central bank meeting talks published today indicated that all policy makers opted for extending its bond […]
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December 232009
EUR/USD Up on Negative U.S. Housing Data
Finally a change in the EUR/USD currency pair trend was perceived today after a frustrating new home sales report, that came much below forecasts and declining attractiveness for assets in the U.S., after the dollar gained for several straight days versus the euro. After the report, the euro entered an uptrend versus the greenback and currently trades at 1.4335. Personal income increased 0.4% in November, while personal spending rose slightly more at 0.5%. The actual […]
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