Archive for July 2010

Aussie Falls as Low Inflation Promises Unchanged Interest Rates

The Australian dollar fell today for a second day against its U.S. counterpart as the in inflation rose slower than expected, fueling the speculation that the central bank would keep the interest rates unchanged.

Brazilian Real Falls as Central Bank May Intervene to Curb Gains

The Brazilian real declined today on the speculations that the central bank may start selling the currency for the dollars for the first time in more than a year.

Canadian Dollar Falls on Stocks & Commodities Decline

The Canadian dollar weakened today after the decline of the U.S. consumer confidence and the decreasing prices for commodities damped the appeal of the currencies tied to growth.

Dollar Rises vs. Yen & Euro

The U.S. currency strengthened today against the euro and the Japanese yen as the macroeconomic indicators suggested that the U.S. economy is recovering. The dollar dropped versus the Great Britain pound.

Swiss Franc Falls as Stocks Rally and Recovery Continues

The Swiss franc weakened today versus the U.S. dollar and the euro as the U.S. and the European economies show signs of recovery, damping demand for the franc as the safe currency and drawing the investors to the riskier assets.

Yen Weakens on Signs of Recovery

The Japanese yen declined today against the U.S. dollar and the euro as the signs of the economic recovery in the U.S. prompted the investors to leave the safe currencies in favor of the higher-yielding ones.

Loonie Rises vs. Greenback

The Canadian dollar went up today against its U.S. counterpart as the gains of the U.S. equities and the improving conditions on the U.S. housing market bolstered the currencies tied to the growth, including the loonie. The Canadian currencies declined somewhat versus the euro.

Dollar Weakens as Risk Sentiment Improves

The U.S. dollar weakened today as the new home sales surged in the U.S. and the corporate earning increased, improving the appetite for the risk among the investors. The greenback fell versus most of other major currencies.

Yuan Strengthens and May Appreciate Further

The Chinese yuan strengthened today as the central bank kept its reference rate unchanged and after the stress test of the European banks failed to improve the confidence in the strength of Europe’s economy.

Rand Appreciates as Interest Rates Remained Unchanged

The South African rand extended its rally today for the fifth day as the prices for platinum and gold rose and the central bank kept the benchmark rate unchanged.

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