Archive for June 2010

House Prices & Equities Helped Pound to Rise

The Great Britain pound extended its advance against the U.S. dollar today as the growing house prices and the rising nation’s equities, which previously fell, signaled that the economic recovery accelerates.

Brazilian Real Bolstered by Favorable U.S. Economic Data

The Brazilian real rose today as the favorable economic data from the U.S. caused the speculations that the Europe’s problems won’t be affecting the nation’s economy that much.

Loonie Boosted by Employment Outlook, Oil & Stocks Prices

The Canadian dollar gained today against its U.S. counterpart and the euro, paring its yesterday’s losses, on the outlook for the rising employment and the increasing prices of the equities and crude oil.

Kiwi Drops vs. Aussie on Lower Interest Rates

The New Zealand dollar dropped today against its Australian counterpart on the concerns that the Aussie will be more attractive to the investors, interested in carry trade, because of the higher interest rates in Australia.

Yen Dropped as New Prime Minister May Encourage Depreciation

The Japanese yen tumbled today to the lowest level in two weeks on the speculation that Naoto Kan, who is currently the Finance Minister, will succeed the present Prime Minister Yukio Hatoyama.

Canadian Dollar Drops After Central Bank’s Announcement

The Canadian dollar fell today on the uncertainty about the future increases of the interest rates as the central bank suggested that it’ll be cautious to increase the rates after it raised the target rate today.

Germany’s President Resigns, Euro Plunges

The euro went down today after Germany’s president unexpectedly resigned and on the concerns that the measures taken to contain the debt crisis may hurt the European economy.

Australian Dollar Goes Down as Interest Rates Left Unchanged

The Australian dollar was weakened by the central bank’s decision to leave the interest rates unchanged and after yet another unfavorable news have come from Europe.

Swiss Franc Falls with Slower Economic Growth

The Swiss franc fell against the U.S. dollar today as the decrease of the investment and the government spending caused the deceleration of the economic growth.

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