Archive for January 2011

Euro Drops Against Majors — Germany Reluctant to Increase Help

Euro declined against almost all other top-traded currencies today as the commentaries from the Eurozone’s financial officials didn’t add optimism to the major European debt holders.

Chinese Inflation Fighting Weights AUD

Anti-inflationary measures conducted by the financial authorities of China press on the currency of its close trade partner — Australia, sending it down not worse than the floods.

Dollar Continues Its Decline on Poor Consumer Sentiment

The US currency continued its decline against the major currencies today, as the internal macroeconomic reports suggested that the situation with the US consumer sector isn’t as good as it seemed.

Euro Climbs Despite Decline of Commodities

The euro continues to show an impressive performance as optimism about the ability of the European Union’s leaders to deal with the region’s financial crisis grows every day.

Loonie Weakens as Rally of Commodities Slows

The Canadian dollar fell today after the report showed that number of unemployment claims in the US increased and on the speculation that the rally of commodities and stocks isn’t sustainable. The currency attempts to recover against the US dollar at present.

Sterling Falls vs. Euro as Key Interest Rate Remains Unchanged

The Great Britain pound weakened versus the euro today as Britain’s central bank kept the interest rates unchanged and the outlook for European economy improved. The currency continued its advance against the US dollar.

Chilean Peso Rises with Inflation Expectations

The Chilean peso rose today as the inflation is expected to jump to the highest level in two years, causing the analysts to scrap forecasts that the interest rates won’t be increased.

Canadian Dollar Benefits from Rising Stocks & Commodities

The Canadian dollar rose against its US counterpart as commodities and stocks gained, increasing attractiveness of assets related to economic growth, on the speculation that the European crisis may be resolved.

Swiss Franc Weakens vs. Euro as Worries for Debt Crisis Abate

The Swiss franc weakened versus the euro as the efforts of the European and Asian governments to contain the European debt crisis and the advance of commodities and stocks decreased demand for the currency as a safe haven.

China Allows Yuan Appreciate, Can It Do So?

The Chinese yuan appreciated today on the speculation that China will allow its currency to strengthen ahead of the President’s Hu Jintao visit to the US next week.

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