Day: February 17, 2010

February 17
2010

Brazilian Real Profits on National Stocks Advance

The emerging market Brazilian currency advanced today after carnival’s bank holidays, fueled by a rally in the nation’s stocks supported by better than expected data published today in the U.S., allowing the real the reach high levels versus the pound and the euro. The Brazilian real ranked among the best performing currencies today after U.S. manufacturing and housing reports boosted appeal for riskier assets in Latin Americans markets, allowing the real to gain versus the U.S. […]

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February 17
2010

Canadian Dollar Slides Versus Greenback on U.S. Data

After reaching almost its record high versus the U.S. dollar this month as risk appetite rose globally, the Canadian dollar slid as U.S. economic data published today attracted traders to inject capital in the world’s wealthiest nation, decreasing appeal for assets in its Northern neighbor. The loonie, as the Canadian dollar is popularly known due to the bird’s image in one of the currency’s coin, retreated from the almost highest level this month […]

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February 17
2010

Dollar Revives Rally on Domestic Data

The dollar gained today versus most of the 16 main traded currencies paring yesterday’s losses as demand for assets in the U.S. rose after several better than expected figures came out in reports published in the U.S., evidencing that the economic recovery in the country is accelerating. The greenback touched the highest level in two weeks versus the Japanese yen and erased the euro’s advance from the beginning of the week after manufacturing and housing reports published today […]

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February 17
2010

Dollar Up on Excellent Domestic Data

The dollar outperformed virtually all of the 16 main traded currencies as domestic reports ranging from manufacturing to housing showed better than expected numbers for the U.S. economy, boosting attractiveness for assets in the country as the economic growth accelerates. The euro erased yesterday’s gains as the EU is unlikely to fund a bailout for Greece to solve its budget deficit issues. EUR/USD is near the lowest level in 2010 and trades at 1.3608. Building permits were at seasonally […]

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February 17
2010

Mexican Peso Climbs on Prospective Foreign Investors

The Mexican peso had another day of advance as commodities rose globally and speculations that foreign investors will purchase the nation’s bonds helped the Latin American currency to extend its rally for another day in foreign-exchange markets. A combination of two distinct factors helped the peso to gain for a fourth day versus the U.S. dollar as the country’s bonds are likely to be included in the Citibank global bond index and the crude oil rose, rising odds […]

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