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Day: January 13, 2010
January 132010
Dollar Drops Slightly on Fed Comments
The dollar had a mediocre performance today losing versus a considerable number of currencies after the nation’s central bank was not so optimistic regarding the U.S. economy recovery, declining appeal for the greenback. The dollar posted a disappointing performance in a day were equities and commodities markets increased appeal for higher-yielding currencies. The British pound posted another advance versus the greenback as Bank of England‘s policy markers signaled that interest rates in the U.K. are […]
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January 132010
Canadian Dollar Rebounds After Bearish Days
The Canadian dollar profited from a higher risk appetite session today and rebounded versus the yen and its U.S. counterpart as equities rose in North America, allowing the correlated loonie to profit from this trading scenario. After two days losing in currency markets as concerns that the Canadian economic recovery is not as robust as analysts suggested, the loonie rebounded today, profiting from a positive performance of stocks and commodities, which have an extreme […]
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January 132010
EUR/USD Fluctuates on Declining U.S. Optimism
The EUR/USD currency pair had a day of high volatility as the dollar is experiencing a decline on its sentiment, since the U.S. economy provided some worse than expected figures in reports published during the past few days. Today’s beige book was expected with concern by some analysts with a negative tone which was not confirmed in the publication. After trading much higher earlier, currently EUR/USD is falling at 1.4498. […]
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