The U.S. dollar rose against the euro on the concern for the Eurozone economy, then dropped on the unfavorable fundamentals, and yet rebounded after the Federal Reserve officials decreased the forecast for the growth and noted the threat to the economic recovery; the greenback slipped versus the Great Britain pound and the Japanese yen.
Pound May Retain Strength Despite Budget Cuts
July 14th, 2010 at 18:18
The Great Britain pound strengthened today for the second day after the labor market provided good numbers, suggesting that Britain’s economy may retain its strength despite the spending cuts.
Euro Weakens with Less than Expected Economic Growth
July 14th, 2010 at 14:06
The euro weakened today s the Spanish lenders borrowed the record amount form the European Central Bank and after the region’s industrial production expanded less than predicted.
New Zealand Dollar Halts Its Rally on Lower Retail Sales
July 14th, 2010 at 12:11
The New Zealand dollar halted today its six-day rally against the U.S. currency as the macroeconomic data suggested that the nation’s economy might grow with slower than anticipated pace.
Pound Goes Up on High Inflation & Retail Sales
July 14th, 2010 at 0:37
The Great Britain pound strengthened today on the speculation that the higher than expected inflation and the retail sales would cause the central bank to raise the interest rates.
Can European Economy Return Strength to Euro?
July 13th, 2010 at 19:11
The euro strengthened today after Greece auctioned the Treasury bills at the rate below that the European Union charged when it bailed Greece out of crisis.
Aussie Slips on Concern for China’s Growth
July 13th, 2010 at 12:04
The Australian dollar extended its decline today as the speculation, that the Chinese economic expansion slows, curbed the appeal of the higher-yielding currencies.
Mexican Peso Fluctuates on Growth Concern & Favorable Outlook
July 13th, 2010 at 10:23
The Mexican peso fluctuated today, following the yesterday’s decline, amid the speculations that the import in China diminishes, increasing the concerns that the global economy might falter.
New Zealand Dollar Down vs. Yen, Up vs. Euro
July 12th, 2010 at 22:12
The Australian dollar fell against the Japanese yen and experienced the volatility versus the U.S. currency today on the concerns for the global economic growth; the kiwi outperformed the euro as the New Zealand economy might be in a better shape than Europe’s one.
Aussie Falls After It Rallied Too Much Last Week
July 12th, 2010 at 19:18
The Australian dollar weakened today, following the huge leap up in the last week, on the speculation that the currency has rallied too much, while the global economic growth might slow.

