09/24/09 06:00 PM -
Forex TV - Stocks slumped for the second straight session on a drop in existing home sales and commodity prices. Lind Waldock's Friedman provides his commodities recap.
Thursday, September 24, 2009
Record High for Brazilian Currency as Stocks Climb2
September 23rd, 2009
The Brazilian currency was one of those which benefited today from a growing optimism in stocks and commodities markets, attracting traders to emergent markets and setting the highest rate for the Brazilian currency versus the greenback since the global slump started last year.
The Brazilian currency was one of those which benefited today from a growing optimism in stocks and commodities markets, attracting traders to emergent markets and setting the highest rate for the Brazilian currency versus the greenback since the global slump started last year.
Record High for Brazilian Currency as Stocks Climb
September 23rd, 2009
The Brazilian currency was one of those which benefited today from a growing optimism in stocks and commodities markets, attracting traders to emergent markets and setting the highest rate for the Brazilian currency versus the greenback since the global slump started last year.
The Brazilian currency was one of those which benefited today from a growing optimism in stocks and commodities markets, attracting traders to emergent markets and setting the highest rate for the Brazilian currency versus the greenback since the global slump started last year.
Rand Pare Losses on Rates Speculations
September 23rd, 2009
The South African rand erased losses from the beginning of the way today on speculations that interest rates in country will not be cut, raising attractiveness for the high-yield profile of the South African currency.
The South African rand erased losses from the beginning of the way today on speculations that interest rates in country will not be cut, raising attractiveness for the high-yield profile of the South African currency.
Pound Rebounds on BOE Plans
September 23rd, 2009
The British currency managed to revert a downtrend versus the dollar, euro, and several other main traded currencies after the Bank of England signaled it will not continue its asset purchase program, one of the greatest responsible for the pound losses this year.
The British currency managed to revert a downtrend versus the dollar, euro, and several other main traded currencies after the Bank of England signaled it will not continue its asset purchase program, one of the greatest responsible for the pound losses this year.
Risk Appetite Continues to Punish Greenback
September 23rd, 2009
The dollar proved itself unable to resist a new wave of risk appetite this week that set the greenback to the lowest levels in 2009 versus several currencies in virtually all economic regions in the world, as traders are confident to take risks and purchase higher-yielding options.
The dollar proved itself unable to resist a new wave of risk appetite this week that set the greenback to the lowest levels in 2009 versus several currencies in virtually all economic regions in the world, as traders are confident to take risks and purchase higher-yielding options.
Canadian Dollar Declines on National Bank Statement
September 23rd, 2009
Canada has been one of the fastest economies to recover from the recession that impacted the world last year, but the Bank of Canada is stressing on the fact that strong currency may delay the economic rebound in the country, affecting traders’ sentiment towards the loonie.
Canada has been one of the fastest economies to recover from the recession that impacted the world last year, but the Bank of Canada is stressing on the fact that strong currency may delay the economic rebound in the country, affecting traders’ sentiment towards the loonie.
Dollar Rebounds as Pessimism Surges
September 24th, 2009
The dollar changed its losing trend after the brought pessimism regarding the economic recovery in North America back to trading markets, attracting investors once again to the relative safety of the greenback.
The dollar changed its losing trend after the brought pessimism regarding the economic recovery in North America back to trading markets, attracting investors once again to the relative safety of the greenback.
Yen Climbs as Capital Returns to Japan
September 24th, 2009
After three days without financial activities in Japan due to a national holiday, speculations suggested that Japanese capital invest abroad was repatriated today before the end of the fiscal year’s first half in Asia’s wealthiest nation, improving the yen’s sentiment in foreign-exchange markets.
After three days without financial activities in Japan due to a national holiday, speculations suggested that Japanese capital invest abroad was repatriated today before the end of the fiscal year’s first half in Asia’s wealthiest nation, improving the yen’s sentiment in foreign-exchange markets.
Australian Dollar Climbs on Banks’ Resilience
September 24th, 2009
The Australian dollar climbed today versus most of the 16 main traded currencies as the national central bank affirmed that the largest financial institutions in the country showed themselves resilient from the crisis and are helping the country to recover from the worst recession in decades.
The Australian dollar climbed today versus most of the 16 main traded currencies as the national central bank affirmed that the largest financial institutions in the country showed themselves resilient from the crisis and are helping the country to recover from the worst recession in decades.
Stocks Force Brazilian Real Down
September 24th, 2009
Global stocks declined today on speculations that interest hikes around the world will be delayed, decreasing attractiveness for higher-yielding emergent market currencies like the Brazilian real, which declined from its strongest level in 2009.
Global stocks declined today on speculations that interest hikes around the world will be delayed, decreasing attractiveness for higher-yielding emergent market currencies like the Brazilian real, which declined from its strongest level in 2009.
Faltering Oil Affects Canadian Dollar Performance
September 25th, 2009
The Canadian dollar along as other high-yielding currencies, witnessed a fall today in trading markets as the crude oil price, one of the main nation’s exports, declined sharply, affecting the loonie’s performance in foreign-exchanges markets towards the end of this Thursday.
The Canadian dollar along as other high-yielding currencies, witnessed a fall today in trading markets as the crude oil price, one of the main nation’s exports, declined sharply, affecting the loonie’s performance in foreign-exchanges markets towards the end of this Thursday.
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