The Swiss franc is heading to the parity with the US dollar as the pace of Switzerland’s economic growth was faster than the economists estimated. The currency also gained against the euro.
The Chilean peso rose today as the outlook for the exports of the raw materials improved after the US and China reported about the
The Australian dollar strengthened today as the pace of Australia’s economic growth was fastest in three years and after the reports showed that the manufacturing in the US and China expanded faster than predicted.
The Canadian dollar rebounded today as the improving risk appetite pushed the stocks and crude oil higher and increased the appeal of the currencies linked to the economic growth.
The South African rand rebounded today from the monthly low after the local manufacturing expanded for the first time in three months and as the economic data from Asia was better than expected.
The US dollar fell today against the euro and the Japanese yen as the Chicago Business Barometer fell more than estimated and on the signs that the Federal Reserve won’t raise the interest rates. The Fed also failed to provide the clear plan to add more stimulus to support the US economy.
The Swiss franc reached the record high level against the euro and the highest level since January 11th versus the US dollar today after the report showed the growth of the local consumption and as the demand for the safe haven increased the appeal for the franc, which is considered the safe currency nowadays.
The Canadian dollar extended its decline for the second day as the poor macroeconomic data continues to undermine the attractiveness of the currency to the global investors. This month can be the worst for the Canadian currency since June 2009.
The Thai baht strengthened today, showing this month the best performance since February 2008, after the central bank raised the borrowing costs and as the pace of the nation’s economic growth was the fastest in 15 years.
The South Korean won dropped today on the concern that the slower economic growth in the US would diminish the demand for the Asian exports. The US is the third biggest foreign market for South Korea.
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