Day: January 21, 2010

January 21
2010

Yen Best Performer on Trading Restrictions

The yen outperformed most of the 16 main traded currencies after the U.S. President affirmed that financial institutions must have their operations regulated in order to avoid speculations, raising risk aversion in all trading markets in the world. Risk aversion rose further as the U.S. is likely to follow China’s measures to tighten loan conditions preventing a new credit bubble, decreasing risk appetite in currency markets and allowing the Japanese yen to rally […]

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January 21
2010

U.K.’s Budget Deficit Halts Pound Rally

The pound dropped yesterday and today ending a winning streak of more than a week versus several currencies as the country’s budget deficit increased to an all time record high, showing that despite positive data, the British economy is still far from healthy. After several days gaining versus the dollar and the yen, the pound started to fall this Wednesday and continued today after its budget deficit widened to the highest rate since […]

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January 21
2010

EUR/USD Continues Drop on Better U.S. Outlook

Another consecutive day of losses for the European single currency this Thursday evidenced a decrease in attractiveness for the euro as services and manufacturing reports published today showed worse than expected figures in the Euroland. The U.S. dollar continued bullish today versus several currencies despite mediocre data showed in nation’s reports today. EUR/USD is at the lowest level in 2010 now trading at 1.4047. Initial jobless claims rose for another consecutive week to 482k […]

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January 21
2010

New Zealand Dollar Rebounds on Retail Sales

After losing significantly during most of this Wednesday’s session as risk aversion prevailed globally, the kiwi rebounded in currency markets as retail sales advanced in the country reviving the confidence regarding the Southern Pacific economy. The New Zealand dollar had its worse decline in two months this Wednesday as consumer prices showed negative figures, but a retail sales report published in this Thursday early morning in the country revived confidence in the currency […]

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January 21
2010

Brazilian Real Drops Further on Risk Aversion

The Brazilian real touched the weakest level in a month as risk aversion remained predominant in today’s trading session globally, since equities and commodities markets continued to follow a bearish trajectory in most of the key-economic regions around the world. Brazil’s real suffered another impact today as China’s lending restrictions announced last week continue to influence risk levels in trading markets globally. Commodities, responsible for a good share of Brazil’s international trade continued to tumble […]

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