Sunday, September 18, 2011

Intervention Causes 20-Year Record Decline of Chilean Peso


Chilean peso
The Chilean peso dropped today most in twenty years after the central bank announced its intention to purchase $12 billion in the 
foreign-exchange market

Chilean Peso Rises with Inflation Expectations

Chilean peso
The Chilean peso rose today as the inflation is expected to jump to the highest level in two years, causing the analysts to scrap forecasts that the interest rates won’t be increased.

Chilean Peso Falls as US Economy Reduce Risk Appetite


Chilean peso
The Chilean peso fell today as the economic data suggested that the US economy is slowing, therefore reducing demand from investors for 
higher-yielding, but riskier, currencies.

GBP Falls vs. EUR with Consumer Confidence & Retail Sales

Great Britain poundThe Great Britain pound fell today against the euro and fluctuated versus the dollar as the signs that the economy of the UK is weakening made the sterling less attractive to Forex traders.

Pound Goes Down as UK Economy Slows


Great Britain pound
The Great Britain pound weakened against the Japanese yen and slowed its advance versus the US dollar after the report showed the UK economy grew with slower pace in the second quarter.

Forecast: Fundamentals Aren’t Favorable for Pound


Great Britain pound
The Great Britain pound fell during the previous week, but rose at the beginning of this week. Could it be a sign that the sterling is going to reverse its bearish trend? The currently available data shows that such case is unlikely.

Pound Profits from Terrible US Payrolls


Great Britain pound
The Great Britain pound gained against the US dollar as bad US
non-farm payrolls reduced attractiveness of the greenback. The sterling also moved higher versus the euro as traders are concerned about the European economy.