The dollar gained today after the reports showed that the construction spending and the manufacturing in the US unexpectedly grew and as the speculators closed some of their long positions on the euro ahead of the Federal Open Market Committee meeting this weak.
Archive for November 1st, 2010
November 01st, 2010 at 14:30
China’s manufacturing growth also bolstered the South African rand as it has increased the appeal of the higher-yielding currencies.
The Swiss franc declined today as the stocks gained and the Chinese manufacturing expanded, curbing the demand for the safer currencies.