Archive for August 2010

Dollar Weakens for Sixth Week vs. Euro, Falls vs. Pound & Yen

The dollar extended its losses against the other currencies as the macroeconomic reports continue to suggest that the US recovery is fragile and the additional stimulus may be required.

Pound Rise vs. Dollar, Falls Against Euro & Yen

The Great Britain pound rose versus the greenback on the report from the US about more than expected job losses. The sterling fell against the euro and the dollar as the data from the UK itself hasn’t gave many reasons for optimism.

Dollar Sinks on Decreasing Payrolls

The US dollar slumped today after the US non-farm payrolls sank more than expected, suggesting that the Federal Reserve would require to perform additional stimulus measures to support the nation’s economy.

Euro Falls vs. Dollar on Lower German Production

The euro fell vs. the dollar after the report showed that the industrial output in Germany declined and on the speculation that the conditions on the US labor market improved.

Aussie Rises on Anticipation of Lower US Employment

The Australian dollar rose today and is heading for the third weekly gain versus the greenback as today’s report expected to show that the US employment decreased.

Japanese Currency Benefits from Increasing US Jobless Claims

The Japanese yen strengthened today the stocks dropped and the number of the jobless claims in the US rose more than expected, driving the investors to seek the safety of Japan’s currency.

Sterling Falls After Interest Rates Remained at Low Level

The Great Britain pound fell today after the central bank’s policy makers kept the interest rates at the low level, despite the concerns that the inflation may accelerate.

Czech Koruna Weakens as Government May Curb Gains

The Czech koruna fell against the euro as the traders expect the government to weaken the currency to protect the nation’s exports and prevent the deflation. Against the greenback the koruna fluctuates between gains and losses after its slumped and then returned to the opening level earlier.

South Korean Won Rallies, Will Government Intervene?

The South Korean won extended its gains for the fifth day after the macroeconomic data from the US eased the concerns about the global economic growth.

Canadian Dollar Rises on Crude Oil & Employment Outlook

The Canadian dollar gained today as crude oil traded near its record levels and the Canadian employers added jobs for the seventh consecutive month according to the analysts’ estimates.

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