The Australian dollar plummeted against its U.S. counterpart today after the U.S. stocks went down as the demand for the higher-yielding assets fell, driven down as the Goldman Sachs Group Inc. was sued for the fraud.
Canadian Dollar Goes Down with Waning Demand for Commodities
April 16th, 2010 at 20:05
The Canadian dollar tumbled today against its U.S. counterpart, erasing the previous gains, and versus the euro after the crude oil’s prices fell and as China is going to cool its economy and put an end to the yuan’s dollar peg.
Dollar Goes Up with Need for Safer Currency
April 16th, 2010 at 13:10
The U.S. dollar gained today, benefiting from the rising demand for the safer currencies after the meeting of the European Union’s minister to discuss measures, required to fight the budget deficits, and as China plans to let its currency float.
TV Debate Signals Stalemate in Election, Driving Pound Down
April 16th, 2010 at 12:02
The Great Britain’s pound rally against the U.S. dollar halted and its gains versus the euro snapped today as the concern that the forthcoming parliamentary election will result in the stalemate renewed with the greater strength after campaign’s first televised debates.
Yuan Strengthens as Economy Grows
April 15th, 2010 at 23:03
The Chinese yuan rose against the euro today on the speculation that the nation’s expanding economy will encourage the policy makers to allow the appreciation of the China’s currency.
Loonie Trades Near Parity with Greenback
April 15th, 2010 at 18:24
The Canadian dollar trades near parity with its U.S. counterpart as traders shored up bets before the meeting of the nation’s central bank to determine the interest rates, occurring next week.
Chinese Widening Economy Helps Won
April 15th, 2010 at 13:22
The widening growth of the Chinese economy helps to boost other Asian country’s economies and exports, and the appreciating South Korean won is one of the signs of this trend.
Euro Down as Concern for Greece Resurfaces
April 15th, 2010 at 11:34
The euro went down today as the concern grows that the rescue package, provided by the European Union to Greece and valued as much as 45 billions euro ($61 billion), wouldn’t be enough to completely deal with the country’s debt.
Demand for Higher-Yielding Assets Pushes Aussie Up
April 14th, 2010 at 21:30
The Australian dollar advanced today, supported by the unexpectedly high growth of the U.S. retail sales, which spurred speculation about the rising demand for the higher-yielding assets.
Franc Falls Versus Euro as SNB Attempts to Prevent Appreciation
April 14th, 2010 at 18:57
The Swiss franc fell versus the euro on the speculation that the central bank was performing the selling of the currency to prevent its excessive appreciation because of the slowing economic recovery.
