The dollar touched the highest level in 2010 versus several important currencies this Thursday as the Federal Reserve raised its bank discount rate for loans, spurring demand for assets in the country as the economy seems to be picking up, allowing the nation’s central bank to lift stimulus. All …
The British pound was one of the worst performing currencies today in foreign-exchange markets as its monthly budget deficit for January decreased appeal for assets in the country and fueled speculations that economic stimulus will be need for a longer period to help the kingdom’s economy to grow. After posting …
The Chilean peso suffered with the side effects of positive reports in North America that attracted traders to purchase assets in the U.S., leaving emerging markets in a second plan for traders to invest their money, despite a considerable level of risk appetite in today’s session. Positive U.S. data …
The emerging market Brazilian currency advanced today after carnival’s bank holidays, fueled by a rally in the nation’s stocks supported by better than expected data published today in the U.S., allowing the real the reach high levels versus the pound and the euro. The Brazilian real ranked among the best …
After reaching almost its record high versus the U.S. dollar this month as risk appetite rose globally, the Canadian dollar slid as U.S. economic data published today attracted traders to inject capital in the world’s wealthiest nation, decreasing appeal for assets in its Northern …
The dollar gained today versus most of the 16 main traded currencies paring yesterday’s losses as demand for assets in the U.S. rose after several better than expected figures came out in reports published in the U.S., evidencing that the economic recovery in the country is accelerating. The greenback …
The Mexican peso had another day of advance as commodities rose globally and speculations that foreign investors will purchase the nation’s bonds helped the Latin American currency to extend its rally for another day in foreign-exchange markets. A combination of two distinct factors helped the peso to gain …
The Aussie profited today from a risk driven scenario in global markets and extended yesterday’s gains after central bankers in the nation said that interest rates may be hiked further this year if the economy continues to recover. The Australian dollar started to rise today …
The Canadian currency benefited from a risk driven session today after commodities and stocks climbed considerably on renewed market confidence since concerns regarding Greece’s budget deficit cooled down in Europe, decreasing risk aversion globally. After concerns in the Eurozone cooled down since …
The European single currency gained considerably versus the U.S. dollar and the Japanese yen as traders considered the lack of attractiveness for the euro too strong as Greece’s budget crisis is not so serious in terms of practical consequences for the European Union’s economy. The euro posted a significant rebound versus …