The U.S. dollar rose today, leaving its Canadian counterpart below the parity level, after the government reported about the March increase in the sales of the new houses and the orders for the manufactured durable goods.
Euro Rebounds vs. Dollar, but Is This for Long?
April 23rd, 2010 at 14:16
The euro rebounded against the U.S. dollar after Greece announced that it’s going to activate the rescue package, provided by the European Union and the International Monetary Fund, to deal with the nation’s budget shortage and pay its debts.
Will Brazilian Real Decline Even More?
April 23rd, 2010 at 12:54
The Brazilian real declined today and may drop 8 percent by the end of the year as the unnecessary excessive government spending increased the inflation.
Loonie Resumed its Rise Against U.S. Dollar
The Canadian dollar resumed today the rise against its U.S. counterpart, after it dropped yesterday, on speculation that the central bank will increase the interest rates, signaling about the waning need for stimulus measures.
Fear of Budget Shortage Strangles Euro
April 22nd, 2010 at 18:07
The euro sank today to almost the lowest level in a year against the U.S. dollar as the possibility that Greece will be forced to activate the rescue package increased after the announcement that the Greece’s deficit the last year was higher than previously estimated.
Pound Rises vs. Euro with Increase of Mortgage Approvals
April 22nd, 2010 at 13:43
The Great Britain pound advanced against the euro today after the Bank of England reported about the higher than expected increase of the mortgage approvals in the previous month.
Yen Advances Against Euro on Higher Risk Aversion Sentiment
April 22nd, 2010 at 11:35
The Japanese yen gained today as the demand for the Japanese currency as the safe haven increased, boosted by the speculation that the U.S. President will implement the new financial industry regulations.
Canadian Dollar Falls vs. Greenback, but Remains Near Parity
April 21st, 2010 at 22:47
The Canadian dollar retreated against its U.S. counterpart after reaching its highest level since June 2008 today, but remains near the parity level, supported by the speculation that the Bank of Canada will increase the interest rates faster than the Federal Reserve.
Concern for Budget Deficit Undermines Euro’s Strength
April 21st, 2010 at 17:59
The euro continues its decline on concern that the rescue package, provided to Greece by the European Union government and which is valued as much as 45 billion euro, won’t be enough to deal with the nation’s debt.
Decreasing Jobless Claims May Boost Pound
April 21st, 2010 at 12:28
The Great Britain pound advanced today against the other major currencies and may continue its rise further as the report showed that the number of the jobless benefits claimed is dwindling.
