Archive for November 1st, 2010

Dollar Strengthens on PMI & Construction Spending

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.

China’s Manufacturing Bolsters Rand

China’s manufacturing growth also bolstered the South African rand as it has increased the appeal of the higher-yielding currencies.

Franc Drops as China’s Manufacturing Curbs Demand for Safety

The Swiss franc declined today as the stocks gained and the Chinese manufacturing expanded, curbing the demand for the safer currencies.

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