The euro rallied significantly versus currencies of its main trading partners today on speculations that the European Union will help Greece to end its financial crisis, affecting the single currency outlook in foreign-exchange markets in a positive way after weeks of pessimism. The forecast for Greece’s budget …
The euro remained trading near 2010 record lows reached last week as the fiscal health of several Eurozone member countries is putting the single currency under pressure before an ECB monthly bulletin to be released on Thursday this week. The Eurozone currency did not …
The krone rose today as Norway’s chief export, the crude oil, reverted a negative trend that forced commodity linked currencies down during most of last week’s trading session as concerns regarding Europe’s rising budget deficit eased slightly today. A decline in risk aversion …
After a bearish last week that forced emerging market currencies down versus refuge investments in the U.S. and Japan, risk appetite returned timidly today, allowing the South African rand to climb as commodities rebounded. The South African rand topped the list of best performing currencies …
The Canadian currency climbed from the lowest rate in 2010 versus its U.S. counterpart as a positive real state report combined with a slight recovery in the crude oil rates gave strength for the loonie to trade below $1.07 in this start of this week’s session. The roller coaster …
The U.S. dollar profited last week from a wave of uncertainty that brought investors to opt for safer bets in foreign-exchange markets, and this trend might last for a longer period mainly versus European currencies as the economic outlook in the region is far from optimistic. The dollar started …
The euro ended this week posting a weekly drop versus most of the main currencies as the financial situation in several Eurozone member countries is damping demand for the single currency, after a sense of instability became predominant in the economic bloc. The European single currency ended this week …
The Russian ruble had its worst weekly performance in 2010 as demand for the crude oil declined specially in Europe, as uncertainty regarding some EU members budget deficits plagued markets and rose pessimism among traders in the region. The ruble posted a third consecutive day of losses versus …
The Chilean peso was the best performing currency among the commodity-linked ones in foreign-exchange markets this Friday as a positive economic report in the South American nation allowed the peso to gain versus multiple main currencies including the U.S. dollar, despite strong risk version in trading markets …
The pound posted a weekly decline versus multiple important currencies of its trading partners as a strong sentiment of risk aversion towards assets in Europe made traders to opt for refuge currencies overseas, as the British economic outlook is far from positive. The pound was affected this …