The Norwegian krone benefited today from a high rise in the crude oil rates, as Norway is one of the main suppliers of energy for the European Union, helping its currency to gain sharply versus the euro in foreign-exchange markets. Commodity related currencies ranked among the best performers today …
This year started with a growing demand for metallic commodities as investors expect that the global economic recovery will rise industries’ needs for raw materials, helping the South African currency to start the year bullish. The rand managed to hit a one-month high versus the U.S. together …
The loonie, as the Canadian currency is nicknamed for the image of the waterfowl on the C$1 coin, started the year gaining versus most of the 16 main traded currencies as its chief export, the crude oil, advanced further, naturally forcing the Canadian correlated currency up in foreign-exchange markets. After the crude …
The U.S. currency is having a negative start in this year’s first session as stocks and commodities rose worldwide, boosting demand for higher-yielding assets and currencies from commodity exporter countries, leaving the greenback in a second plan of attractiveness. After the crude oil traded above $80 a barrel …
The Australian dollar may start the year gaining against refuge currencies like the yen, and currently not so attractive currencies like the pound and the euro as a global recovery expected for 2010 may trigger stronger demand for commodity exports from Australia, favoring the national currency in foreign-exchange …
The Canadian currency rebounded in the end of 2009 despite the nation’s central bank statements that a strong currency can be an obstacle for exporters and consequently to the economic recover, as global demand for commodities rose more than speculations regarding Canada’s central bank position towards loonie. The Canadian …
The U.S. currency rebounded versus the euro before the end of this week’s session as another positive report brought optimism towards the economic outlook in 2010 for the United States. After losing versus the pound, euro, and higher-yielding currencies earlier, today the dollar managed to pare much of its …
The Brazilian real finished 2009 as the best performing currency in foreign-exchange markets among 16 main traded currencies, as stocks had the highest rise in 6 year in the South American nation. Brazil’s resilience concerning the global crisis, a wide availability of natural resources and an attractive equities market …
The pound extended its weekly gains today versus the euro and the U.S. dollar, ending the year with the first advance versus both since 2006, as the British economy shows its first evidences of recovery, affecting its currency positively. After a report surprised investors today …
After gaining more than 5 percent this month versus the euro the greenback declined as investors speculate that current gains for the U.S. currency may have been excessive, forcing the dollar down versus higher-yielding currencies as well. After today’s decline the dollar is …