The Canadian dollar continued to erase last week’s losses versus lower yielding currencies as commodities and stocks rebounded in North America, boosting appeal for Canadian assets as the country’s economy is extremely orientated to raw material exports. The loonie, as the Canadian dollar is known popularly, gained …
The U.S. dollar failed to pare yesterday’s losses as risk appetite continued to favor higher-yielding and commodity related currencies, erasing partially last week’s advance for the greenback as factors supporting the dollar’s strength continued to fade this Tuesday. The greenback had its second day of losses this …
Despite risk appetite fueling demand for commodities produced in Australia, the Aussie dollar declined after a central bank decision published today showed no rate hikes expected by traders as the country’s economy rebounds. The Australian dollar broke its 2010 record low versus the greenback …
The Canadian dollar started February gaining after posting several consecutive losses in the last days of January as risk aversion dominated markets globally, but renewed confidence on the economic recovery allowed markets that influence Canada’s currency to gain considerably this Monday. Canada’s raw …
The pound was of the few currencies which couldn’t profit from a higher risk appetite today versus the dollar and the yen as another real estate report declined attractiveness for Britain’s currency, which started the week falling versus multiple currencies. After two reports published today …
The U.S. dollar lost versus most of the main traded currencies in foreign-exchange markets with a stronger risk appetite today as traders expect the economic recovery to accelerate, decreasing demand for refuge currencies after the dollar gained during most of the past week’s sessions. Even if U.S. …
After losing versus most of the main traded currencies during last week’s session, the euro rebounded today as stocks surged globally, renewing confidence for higher-yielding currencies, and forcing the greenback down versus the European single currency for the first time in 5 days. The euro profited from …
The start of 2010 was rather grim for the European single currency as consumer confidence and economic acceleration decreased in the European Union, adding to the negative sentiment spread in markets but some of the bloc’s members raising budget deficits. The Eurozone has been shunning investors as multiple countries using …
The Brazilian real, ranked as the best performing currency in foreign-exchange markets during the past year, posted another weekly drop and ended the month losing versus most of the main traded currencies as appeal for Brazilian raw materials declined on renewed risk aversion. The Brazilian currency reached the lowest …
The Canadian dollar ended another week declining versus its U.S. counterpart and lower-yielding currencies despite a report showing that the nation’s economy grew for another month, as the U.S. GDP report had more impact in markets globally. Even if a report showed that Canada’s …