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New Zealand Dollar Rebounds on Central Bank Statements

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.(…)Read the rest of New Zealand Dollar Rebounds on Central Bank Statements (178 words) Posted on Forex News. Read […]

Canadian Dollar Rises on HighYielding Renewed Attractiveness

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.(…)Read the rest of Canadian Dollar Rises on High-Yielding Renewed Attractiveness (134 words) Posted on Forex News. Read More Canadian Dollar Rises on HighYielding Renewed Attractiveness

Brazils Real Hit OneWeek High on Retail Sales Data

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.(…)Read the rest of Brazil’s Real Hit One-Week High on Retail Sales Data (117 words) Posted on Forex […]

Yen Down on US Output Report Speculations

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.(…)Read the rest of Yen Down on U.S. Output Report Speculations (172 words) Posted on Forex News. Read More Yen […]

South African Rand Climbs as World Cup Strike Ends

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.(…)Read the rest of South African Rand Climbs as World Cup Strike Ends (186 words) Posted on Forex News. Read More South […]