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Day: January 28, 2010
January 282010
Chilean Peso Down on Manufacturing Data
The Chilean peso is facing its longest losing trend in more than a year as a combination of international risk aversion with poor national economic data is causing an exodus of capital from one of South America’s most dynamic economy. After a report was published today showing weaker-than-expected data for manufacturing productions and sales, the Chilean currency dropped for the ninth day in a row, as copper, the country’s chief-export, had the third day of straight […]
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January 282010
Polish Zloty Climbs on Country GDP
The zloty advanced today versus the euro after a GDP report showed that Poland was the only EU member country to dodge recession in 2009, bringing regional investors to inject capital betting in the resilience of the Eastern European nation. After a gross domestic product report published today indicated a growth of 1.7 percent for the Polish economy last year, the zloty gained versus the euro and its neighboring countries currencies, as Poland’s dynamism to avoid […]
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January 282010
Euro Tumbles on Southern Regional Budget Deficits
The euro slid today versus virtually all of 16 main traded currencies on foreign-exchange markets as some Eurozone member countries raising budget deficit is still affecting attractiveness for assets in the region, in a day were commodity linked currencies outperformed most currencies as risk appetite returned to markets. The euro was affected today as new events coming from Portugal and Greece fueled emerging fears that these southern European nations […]
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January 282010
Yen Falls on Fed Positive Remarks
The Japanese currency ended a rally fueled by risk aversion as a Federal Reserve statement published yesterday brought optimism to financial markets globally, decreasing appeal for refuge investments available in Japan, specially versus high-yielding currencies. The yen posted the sharpest decline this week after the U.S. President Barack Obama suggested tax privileges to help companies in the country to grow, after risk appetite had already increased on a Federal Reserve statement which […]
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January 282010
EUR/USD Remains Bearish Despite U.S. Weak Data
The EUR/USD continued its losing streak today despite worse-than-expected data published in the United States. The dollar declined versus most of the main traded currencies but maintained the highest rate in 2010 versus the euro as the single currency continues to be under the influenced of pessimism in the Eurozone. EUR/USD currently trades at 1.3991. Initial jobless claims were at 470k during the past week from a previous number of applications of 478k (revised). Forecasts expected less […]
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January 282010
Romanian Leu Climbs on IMF Statements
The Romanian leu gained versus the euro today after the International Monetary Fund affirmed it will release the currently stopped bail out program for the eastern European country, allowing the leu to beat several currencies in the region. After the International Monetary Fund stated that the $30 billion loan program for Romania will restart, the leu touched the highest level in a week versus the euro, since the bail out had been suspended after […]
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January 282010
Dollar Advances on Fed Hawkish Tone
The U.S. dollar advanced versus several key currencies after a Federal Reserve statement announcing that a number of stimulus to help the economic recovery will be lifted, as according to central bankers, the economy is already showing enough evidences of improvements to allow these measures. The greenback gained after a Federal Reserve monetary policy statement published today showed optimism with hawkish attitudes from central bank officials, since several […]
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