Day: December 29, 2009

December 29
2009

South African Currency Up on Risk, Capital Repatriating

The South African rand was one of the best performing currencies today in foreign-exchange markets as appeal for higher-yielding commodity exporter currencies was high, providing support for the rand to beat even an attractive dollar in today’s session. Speculations that South African exporters are repatriating capital to the nation before the end of the year also forced the rand further up in a session that virtually all events provided support for the rand to gain against most […]

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December 29
2009

Yen Tumbles on U.S. Consumer Confidence

The yen declined versus most of the 16 main traded currencies today on a risk fueled session that favored higher-yielding currencies and the U.S. dollar, as favorable reports in the country continued to boost appetite for the greenback. The yen touched the lowest level in two-months versus the dollar after a confidence report in the U.S. indicated another increase and the most important house price index also improved, making the dollar to revert a losing trend and gain not only versus […]

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December 29
2009

Dollar Drops on Risk Fueled Session

The dollar declined versus the euro and higher-yielding currencies as stocks rallied worldwide on evidences that the economic recovery is improving around the world, fueling risk appetite among traders that opted today specially by currencies like the South African rand, a high-yielding emerging market bet. The yen was one of the few currencies that lost versus the greenback today as risk appetite declined attractiveness for the safest bet in currency markets, and as speculations that […]

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December 29
2009

EUR/USD Bullish Despite High U.S. Consumer Confidence

The EUR/USD currency pair rose today as the appeal for the greenback remained rather negative in a high risk fueled session were traders left dollar-priced positions to invest in higher-yielding currencies. Consumer confidence helped the dollar to stop its losing streak versus the euro but came slightly below forecasts, having a mild impact in the currency pair. EUR/USD is falling now after the confidence report was published in the U.S. and is trading at 1.4422. […]

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December 29
2009

Euro Falls on Credit Concern, U.S. Confidence

The euro declined today versus the U.S. dollar and the pound after posting a rebound last week on weak U.S. housing data, but its deficient credit outlook for several bloc’s members is still affecting the common currency. The U.S. dollar gained today versus the euro before a report tomorrow which is likely to indicate improved consumer confidence in the world’s wealthiest nation, forcing the euro down as traders are still concerned […]

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