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Day: February 5, 2010
February 52010
Unemployment Decline Boosts Greenback Rally
The dollar ended this week’s session posting a weekly advance versus most of the 16 main traded currencies in foreign-exchange markets as an unemployment report published this Friday brought more positive figures that are providing support for the greenback’s bullish pattern. The dollar repeated last week’s advance versus several currency and benefited from a risk averse scenario in which traders opted to protect their portfolios investing in the safety provided by the greenback. […]
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February 52010
Dollar Continues Strong as Unemployment Falls
The greenback is about to finish this trading week with considerable gains versus the euro as unemployment declined in the U.S., being that another evidence of a better economic health in North America than in Europe, which is still suffering, and is likely to continue suffering, from deteriorating public accounts in several nations using the single currency. EUR/USD climbs very slightly now and is at 1.3721. Unemployment rate fell to 9.7 in January […]
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February 52010
Mexican Peso Falls on Adverse Trading Scenario
The trading scenario this Thursday was entirely against the Mexican currency, which faced worse-than-expected data coming from the U.S., its main trading partner, and a strong sentiment of pessimism as European public accounts are deteriorating. After a U.S. employment showed an increase in new jobless claims beyond forecasts, the Mexican peso fell for another day, as the crude oil, one of its main exports, fell after market sentiment deteriorated globally, […]
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