Brazilian Real World Biggest Loser as Recession Concerns Rise
June 23rd, 2009The Brazilian currency had the worst performance among the most traded currencies, as confused signals about the world economic situation increased risk aversion among traders, which are leaving high-yielding currencies to purchase safer assets.
Yen Rallies Against Main Currencies on Increased Safety Demand
June 23rd, 2009The Japanese currency gained against all 16 most traded currencies as economic concerns continue to rise around the world, causing another day of losses in stock markets, and spurring demand for the safety of the yen.
Pound Falls on U.K. Home Prices Drop
June 22nd, 2009The British pound fell against the U.S. dollar as a report indicated the first fall in U.K. home prices in five months, increasing risk aversion towards the pound sterling outlook.
Yen Rises as Crisis in Iran Deepens
June 22nd, 2009The yen, considered as a refuge investment for moments of instability, rose as the political crisis in Iran deepens, creating tension in the international financial scenario.
Canadian Dollar Falls as Stocks Decline
June 20th, 2009The loonie had a third week of losses as a fall in U.S. stocks and crude oil decreased the attractiveness for the high-yielding profile of the Canadian currency.
Yen Returns to Fall as Stocks Continue Rally
June 19th, 2009The yen had another day of losses as equities markets around the world rebounded, damping demand for the Japanese currency as a refuge, and making high-yielding currencies to climb.
Chilean Peso Hits Nine-Month High on Foreign-Exchange Selling Plan
June 19th, 2009A Chilean government plan is likely to continue to push the national currency up, as it will sell $40 million daily in the Foreign-Exchange market, boosting confidence for the South American currency.
Pound Slides on Unexpected Negative Data
June 18th, 2009Retail sales dropped in May for the first time in three months, a fact that was not predicted by analysts, weighing negatively on the pound outlook for this Thursday making it to lose ground against the greenback and the euro.
Brazil’s Real on Two-Weeks Low After Weak Economic Data Release
June 18th, 2009The Brazilian currency dropped to the lowest level in two weeks after weak global economic data decreased confidence among investors, attracted by safety and damping demand for commodities and emergent markets currencies.
Dollar Falls Slightly as Interest Rate Speculations Grow
June 17th, 2009The dollar posted slight losses against currencies like the Singaporean dollar and the yen after speculations that the Fed will not increase its interest rates this year eased the optimist outlook for the North American currency this Wednesday.
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