Tuesday, June 23, 2009

forex news

Brazilian Real World Biggest Loser as Recession Concerns Rise

June 23rd, 2009

Brazilian RealThe 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, 2009

Japanese yenThe 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, 2009

Great Britain poundThe 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, 2009

Japanese yenThe 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, 2009

Canadian DollarThe 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, 2009

Japanese yenThe 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, 2009

Chilean pesoA 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, 2009

Great Britain poundRetail 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, 2009

Brazilian RealThe 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, 2009

US DollarThe 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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