Archive for January 2011

Mexican Peso Declines as Interest Rates Remain Unchanged

The Mexican peso slightly dropped today as the central bank kept the interest rates unchanged for the record stretch of time and suggested that that it may keep the rates at the present levels even longer.

US Dollar Recovers on Outlook for GDP & Consumer Sentiment

The US dollar pared its losses on the forecasts that the reports this week would show that the pace of GDP growth increased and the consumer confidence improved in the US.

Swiss Franc Advances Thanks to Increased Money Supply

The Swiss franc rose against all other major currencies except euro today, as the traders reacted on increased M3 money supply as a sign of a probability for a stricter monetary policy in the future, despite the commentaries by the central bank president.

Euro Rises for 4th Day on German Business Confidence Data

The euro rose to its eight-week high level against the US dollar today as the German Business Climate data surpassed forecasts, showing confidence in the strength of the Eurozone’s leading economy.

Canadian Dollar Drops Against Dollar, Euro

The loonie fell against both the US dollar and the single European currency as the commodities dropped rapidly today.

New Zealand Dollar Calms Down After Inflation Data

The New Zealand dollar halted the 4-day rally against its Australian counterpart today as the inflation data suggested no new rate hikes soon.

US Dollar at November 2010 Levels on Recovery Concerns

The US dollar dropped against the euro for a second day in a row today and reached a new 2-month low against it as the dollar bulls were concerned with the pace of the economy recovery.

Swiss Franc Continues Drop vs. Euro on Minister’s Commentary

The Swiss franc continued to fall against the euro today, as the country’s economy minister voiced a concern over the franc’s current strength.

CAD Drops Following BoC Decision to Leave Rate at 1%

The Bank of Canada left the overnight interest unchanged and stated its opinion on the possibility of future rate hikes, sending the Canadian dollar straight south against all other major currencies today.

Pound Up on Accelerated Inflation

The Great Britain pound rose against all other major currencies (except euro) today, as the December inflation in United Kingdom surged above the expectations.

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