Archive for December 2010

Taiwan Dollar Gains, Will Government Intervene?

The Taiwan dollar rose today as the foreign capital inflows and the rapid economic growth in Asia bolstered the attractiveness for the currency.

Canadian Dollar Gains vs. Greenback on Chinese Interest Rates

The Canadian dollar jumped today against its US counterpart as China kept interest rates unchanged, resulting in the advance of the commodities and the stocks and gains of the commodity currencies. The currency declined versus the euro as the North American equities and crude oil pared gains.

US Dollar Falls After China Kept Interest Rates Unchanged

The US dollar weakened today as China kept its interest rates unchanged, reducing the concerns about the possible China’s actions to slow the Chinese economic growth and damping the demand for the safer currencies.

Iraqi Dinar Weakens on Outlook for Budget Deficit

Iraqi dinar slipped today on the speculation that Iraqi budget would post the deficit next year, decreasing the appeal of the currency.

Yen Falls vs. Dollar on Signs of Economic Recovery

The Japanese yen fell against the US dollar today on the signs of the economic recovery in the US, including the growing retail sales and the improving consumer confidence.

Weekly Gains of Pound on Favorable Economic Data & EU Problems

The Great Britain pound surged this week against the euro as the debt problems in the Eurozone attracted the investors to the perceived safety of Britain’s currency. The sterling also gained versus other currencies, including the US dollar and the Japanese yen.

Aussie Rises on Employment Growth & Interest Rates Outlook

The Australian dollar rose today as the good reports this week signaled about the increasing pace of the economic recovery and on the outlook for the interest rates increases.

Canadian Dollar Heading for Weekly Decline Despite Today’s Gains

The Canadian dollar rose today as the Canadian trade balance deficit shrank and the consumer confidence in the US, the biggest Canada’s trading partner, improved. Still, the currency is heading for the weekly decline.

Euro Fluctuates on Disagreement How to End Europe’s Crisis

The euro slipped against the Japanese yen today as the division of the European leaders on the measures necessary to deal with the sovereign-debt problems may hamper the attempts to battle the crisis. The European currency fluctuated against the US dollar.

Higher House Prices Bolster Britain’s Pound

The Great Britain pound climbed today as the house prices rose and the European debt crisis increased the attractiveness of the sterling as the safe currency.

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