The euro continued to rise against the US dollar on the speculation that the Asian countries will aid the Eurozone, but the currency tends to decline as many traders think that it’s a temporary solution at best.
Disaster Prevented Aussie from Rising on Rally of Commodities
The Australian dollar wasn’t been able to profit from the rally of commodities and continued to fall as the floods, which are worst since 1893, threaten to disrupt the nation’s economy and can prevent the central bank from raising the interest rates.
Pound Rises as UK Economy Looks Stronger Than EU Economy
January 12th, 2011 at 1:21
The Great Britain pound gained today as the speculation that the economy of Britain will prove to be stronger that the economy of the European Union boosted the appeal of Britain’s currency.
Zloty Rise as Policy Makers Signal About Higher Interest Rates
January 11th, 2011 at 15:34
The Polish zloty rose today after four days of declines after the policy makers signaled about the possible increases of the interest rates and as Japan’s announcement of buying of the European bonds improved the market sentiment.
Japan Plans Buy European Bonds, Supporting Euro
January 11th, 2011 at 15:06
The euro strengthened today after Japan announced that it’s going to buy the European government bonds, allowing the European Union to raise funds for rescuing its indebted nations.
Loonie Pares Losses vs. Greenback on Rally of Commodities
The Canadian dollar pared losses against its US counterpart today as the rally of commodities outweighed the impact of the increasing concerns about the fiscal crisis in the European Union.
Dollar Takes Break After Rally as Stocks & Commodities Rebound
January 10th, 2011 at 22:00
The US dollar declined today as commodities and stocks rebounded after the last week’s slump, decreasing the demand for the greenback as a safe haven.
Euro May Strengthen, But Not in 2011
January 10th, 2011 at 17:58
The euro experienced a staggering slide in 2010, but it wasn’t as impressive as many pessimistic forecasts would let us believe. Still, the debt problems in the European Union persist and the crisis is spreading, therefore 2011 doesn’t look like a very good year for the shared European currency.
Decline of House Prices Undermine British Pound
January 10th, 2011 at 13:39
The Great Britain pound went down today after the House Price Index of the Halifax Bank of Scotland dropped in December more than the analysts expected.
Demand for Safety Drives Swiss Franc Higher
January 10th, 2011 at 12:34
The Swiss franc rose for the third consecutive day versus the euro and strengthened against the US dollar today as the concerns about the financial problems of the Eurozone countries drive the investors to the safety of the Swiss currency.