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Day: February 22, 2010
February 222010
Aussie Dollar at High Levels on Rates Outlook
The Australian dollar is profiting from speculations that a new series of interest rate hikes is likely to follow in the South Pacific nation, as its economy continues to improve, allowing the currency to gain versus its main rivals on foreign-exchange markets. After the global slump worst moments passed last year, Australia was the first relevant economy to raise its borrowing costs, allowing the Aussie to be one of the best performers last […]
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February 222010
Polish Zloty Hits 2010 Record High Versus Weakened Euro
The Polish currency started another week gaining versus the euro as the economic recovery in the country and in other regions around the world, specially in North America, is making traders to bet in the zloty regionally, considering the Eurozone current crisis. After Polish officials affirmed that the country’s inflation may force the nation’s central bank to raise interest rates, the zloty gained versus the euro, hitting the highest level in more than a year, as the European single […]
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February 222010
Loonie Starts Week Bearish on Copper, Stocks
The Canadian currency didn’t manage to continue its last week rally as stocks and commodities markets had a less optimistic performance this Monday, setting the loonie down versus its U.S. counterpart and the Japanese yen. As stocks operated near neutrality and metallic commodities, like the copper, went down today, The Canadian currency retreated from its highest level in February versus lower-yielding currencies, as the market sentiment in Europe, once again affected […]
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February 222010
Euro to Plunge Deeper on Fiscal Crisis Consequences
The outlook for the European currency is perhaps the worst since its introduction in 1999, as disparities among Eurozone members’ financial structure is likely to decline the appeal for the currency even further, since measures to bring budget deficits to the ECB’s target are likely to set several countries into a longer recession. After the Greek crisis affected markets in the Eurozone raising concerns regarding massive budget deficits in several bloc’s members, traders became […]
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