Day: July 25, 2014

July 25
2014

Risk-Off Sentiment Brings Real Down

The Brazilian real fell today as the Forex market sentiment was negative for riskier currencies of emerging markets. Market participants prefer safer currencies to higher-yielding ones due to geopolitical risks. The conflict between Israel and Hamas in Gaza and the crash of Malaysian jet over Ukraine continue to spoil investors’ mood even though there were no more new significant developments in the regions lately. While some currencies were able to weather the risk-negative […]

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July 25
2014

Mexican Peso Gains on Interest Rate Outlook

The Mexican peso rose today on speculations that the nation’s central bank will not cut interest rates further as the economy is expected to growth with an increasing pace in the future. The Banco de Mexico left its key interest rate at 3 percent at the meeting on July 11 after cutting it by half of a percentage point in June. The minutes revealed that the decision to keep the rate unchanged was unanimous, suggesting that the cut […]

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July 25
2014

Euro Rallies on Back of Positive Economic Data

The euro rallied yesterday as the vast majority of macroeconomic reports from the eurozone were positive, and the currency was able to keep gains today. While good US fundamental data did not allow the shared 18-nation currency to gain on the dollar at the previous trading session, the euro managed to rise a little versus the greenback today. A range of manufacturing and services indicators for the eurozone was released by Markit Economics yesterday. The data suggested that the European economy […]

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