Archive for November 2010

Aussie Reaches Parity with Greenback After Rates Hike

The Australian dollar rose today after the central bank unexpectedly raised the interest rates today, increasing the attractiveness of the nation’s assets.

Canada’s Dollar Gains as Oil Prices Rises

The Canadian dollar gained today against its US counterpart as oil, the main nation’s export, advanced and on the speculation that the quantitative easing by the Federal Reserve would weaken the US currency. The loonie also rose versus the euro.

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.

Our Sponsor

Archives

SUBSCRIBE

Follow Top Forex News on Twitter