Day: September 23, 2015

September 23
2015

Mexican Peso Near Weakest Rate in Month

The Mexican peso followed other risky currencies of emerging markets in decline today as wide-spread risk aversion made investors prefer safer options. The Mexican peso hit the lowest level in almost a month today. The reason was basically the same as for the decline of other riskier currencies (like the Brazilian real) — the concerns over global economic slowdown and a potential interest rate hike from the Federal Reserve. The drop sparked speculations that the Mexican […]

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September 23
2015

Brazilian Real at Record Low

The Brazilian real crashed to the record low level against the US dollar today following the earlier attempt to rally. The real had surged 1 percent after the Brazilian Congress voted for legislation that prevents an increase of public expenditures. Yet the currency has reversed its rally, falling 1.9 percent, amid concerns about global economic slowdown. Moreover, Brazilian policy makers are yet to vote for the key presidential veto that […]

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September 23
2015

EUR/USD Gains, Rally Limited

EUR/USD rallied today with a bit of help from US economic data. Today’s report showed that manufacturing activity remained at low levels while yesterday’s data from Richmond Fed showed that the sector actually worsened. The currency pair’s rally was moderated by comments from Mario Draghi, President of European Central Bank, who signaled that the ECB is ready to stimulate economy if need arises. Flash […]

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