Archive for November 2010

Polish Zloty Falls on European Debt & Fitch Statement

The Polish zloty tumbled today on the increasing concerns about the European sovereign-debt and as the Fitch Ratings requested the country to decrease its deficit.

Pound Strengthens vs. Franc on King’s Statement

The Great Britain pound rose today against the Swiss franc as the optimistic statement of the central bank’s governor Mervyn King improved the confidence in Britain’s currency. Against other currencies the pound was rather flat as the markets traded slower than usual today because of the Thanksgiving holiday in the US.

Euro Slips on Strikes in Portugal & Ireland

The euro slipped today as the workers in Portugal and Ireland are planning to go on strike to protest about the planned austerity measures, curbing the appeal of the shared 16-nation European currency.

Canadian Dollar Surges as Risk Aversion Turns to Risk Appetite

The Canadian dollar surged today, erasing losses against its US counterpart, as the signs of the economic recovery outweighed the risk aversion sentiment, spurring the loonie.

Japanese Yen Strengthens vs. Euro on Korean Conflict

The Japanese yen rose today against the euro after it declined previously as the United Nations called for the talks with North Korea about its attack on the South Korean island, supporting the Asian equities and reducing the demand for the haven.

New Zealand Dollar Rebound After Decline

The New Zealand dollar strengthened today after two days of decline on the speculation that the previous drop was exaggerated and the global economic growth would bolster the kiwi.

Dollar Strengthens as US GDP & Manufacturing Expands

The US dollar advanced after the report showed that the US GDP and manufacturing expanded and on concerns for the European debt crisis and the Korean conflict.

Euro Slumps as Worries About Debt Crisis Reemerge

The euro experienced the sharp drop today as the optimism about Ireland’s bailout waned and the debt problems in other peripheral economies came to attention.

Malaysian Ringgit Falls as Economic Growth Slows

The Malaysian ringgit dropped today as the report showed the economic growth in Malaysia, as well as in some other Asian countries, slowed.

Swiss Franc Gains on Korean Conflict

The Swiss franc strengthened today after North and South Korea exchanged the artillery fire, increasing demand for the currency as the safe haven.

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