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Day: February 2, 2010
February 22010
Dollar Slides Versus Commodity-Linked Currencies
The U.S. dollar failed to pare yesterday’s losses as risk appetite continued to favor higher-yielding and commodity related currencies, erasing partially last week’s advance for the greenback as factors supporting the dollar’s strength continued to fade this Tuesday. The greenback had its second day of losses this week even if pending home sales in the U.S. increased, as demand for riskier assets rose globally allowing specially commodity linked currencies like the Canadian […]
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February 22010
Aussie Dollar Falls on Unchanged Rates
Despite risk appetite fueling demand for commodities produced in Australia, the Aussie dollar declined after a central bank decision published today showed no rate hikes expected by traders as the country’s economy rebounds. The Australian dollar broke its 2010 record low versus the greenback after forecasts hoping interest rates to be raised in the country were not confirmed, frustrating traders that opted for other commodity producer’s currencies as the South […]
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February 22010
Latvian Forex Broker with MT4 and Currenex
Renesource Capital is a new on-lineForex broker based in Latvia. Its description has been added to EarnForex.com today. This broker offers two platforms to the Forex traders — MetaTrader 4 and Currenex (which is often considered as a more advanced solution for currency trading). The broker is regulated and licensed by the Financial and Capital Market Commission of Latvia; and since Latvia is a part of the European Union, this regulation is rather strict. Some […]
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February 22010
Canadian Dollar Advances on Commodities Rebound
The Canadian dollar started February gaining after posting several consecutive losses in the last days of January as risk aversion dominated markets globally, but renewed confidence on the economic recovery allowed markets that influence Canada’s currency to gain considerably this Monday. Canada’s raw materials export are fundamental for the nation’s economic development, and today’s increase in the crude oil rates, as well as bullish patterns on stock charts, benefited the loonie with […]
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February 22010
Pound Slides on Real Estate Data
The pound was of the few currencies which couldn’t profit from a higher risk appetite today versus the dollar and the yen as another real estate report declined attractiveness for Britain’s currency, which started the week falling versus multiple currencies. After two reports published today in London showed a decline on house prices and mortgage approvals in the British real estate market, the pound slid versus a stronger euro, an attractive Swedish krona that […]
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