FORX NEWZ

July 15th, 2009

The South African rand, which posted several weeks of decline as a new wave of risk aversion spread around equities and currency markets, rose as the world cup stadium construction workers strike ended, raising confidence in the country as stability returned.

Posted in South African Rand |

Yen Down on U.S. Output Report Speculations

July 15th, 2009

The yen and the greenback proceeded for a third day dropping as a report in the United States today is likely to indicate that the industrial production is shrinking at a slower pace, rising confidence that the global slump is easing, and consequently pushing traders to high-yield.

Posted in Japanese Yen |

Brazil’s Real Hit One-Week High on Retail Sales Data

July 15th, 2009

The Brazilian currency rebounded against the U.S. dollar after May retail sales were published today, with better than expected figures, indicating that the Brazilian economy is recovering from the worse recession since the real was introduced in 1994.

Posted in Brazilian Real | No Comments »

Canadian Dollar Rises on High-Yielding Renewed Attractiveness

July 14th, 2009

The Canadian currency climbed today as Goldman Sachs posted higher than expected earnings, bringing confidence to traders to purchase high-yielding assets in equity markets, consequently raising attractiveness for the loonie.

Posted in Canadian Dollar | No Comments »

Canadian Dollar Rises on High-Yielding Renewed Attractiveness

July 14th, 2009

The Canadian currency climbed today as Goldman Sachs posted higher than expected earnings, bringing confidence to traders to purchase high-yielding assets in equity markets, consequently raising attractiveness for the loonie.

Posted in Canadian Dollar | No Comments »

New Zealand Dollar Rebounds on Central Bank Statements

July 14th, 2009

The New Zealand dollar posted its first climb in a week after a central bank statement which affirmed that the Southern nation will recover from the global slump at a faster pace than its main trading partners boosted attractiveness for the kiwi.

Posted in New Zealand Dollar | No Comments »

Ruble Declines as Russian May Enter Deeper Recession

July 14th, 2009

The Russian ruble completed a week of consecutive losses versus the euro and the dollar, as speculations in Russia indicate that the recession will be depper than previously announced.

Posted in Russian Ruble | No Comments »

Mexican Peso Declines Further on Economic Outlook

July 14th, 2009

The Mexican currency, highly dependent on its main trading partner, the United States, posted a sixth day of losses against the greenback on concerns that the economy in the region will not rebound as soon as forecasts predicted.

Posted in Mexican Peso | No Comments »

New Zealand Dollar Weakens on Faltering Confidence

July 13th, 2009

The New Zealand dollar is heading to the lowest rate in eight weeks against the yen and losing against the greenback, as global risk aversion is damping demand for the kiwi’s high-yield profile.

Posted in New Zealand Dollar | No Comments »

Pound Declines on Weakening British Financial System

July 13th, 2009

The British pound started this week losing against currencies like the euro and the dollar as speculations that British banks may announce further losses rose, suggesting that the worst moments of the recession are still to come.

Posted in Great Britain Pound | No Comments »