The New Zealand dollar rose today, touching the highest level in a week, on the speculation that Fonterra Cooperative Group Ltd. will increase the payouts to farmers, supporting the New Zealand economic recovery.
Weekly Gains of Pound on Anticipation of Interest Rates Hike
February 19th, 2011 at 16:38
The Great Britain pound strengthened this week on the speculations that the Bank of England will be required to raise the interest rates to curb the growing inflation.
Australian Dollar Rose on Stronger Commodities
February 19th, 2011 at 4:24
The Australian dollar strengthened for the third day against its US counterpart as the commodities rallied, increasing demand for growth-related currencies. The currency declined against the euro and was unchanged versus the Japanese yen.
Euro Rises as ECB Official Speaks in Favor of Interest Rates Hike
February 18th, 2011 at 17:54
The euro advanced to the highest level in a week versus the US dollar today after member of the European Central Bank Executive Board Lorenzo Bini Smaghi said that the inflation pressure may force the bank to raise the interest rates.
Great Britain Pound Jumps as Retails Sales Grow
February 18th, 2011 at 16:50
The Great Britain pound climbed today after the report showed that the retail sales in the UK advanced three times more than was forecast.
CAD Retreats After Touching Two-Year High vs. USD
February 18th, 2011 at 1:55
The Canadian dollar retreated after it jumped to the highest level since March 2008 versus its US counterpart. The Canadian currencies had gained as crude oil advanced on the concerns about supply from Middle East.
US Dollar Falls as Unemployment Claims Rise
February 17th, 2011 at 23:29
The US dollar weakened today against most other major currencies after the reports showed that the number of the unemployment claims in the US rose and the leading indicators increased less than was predicted.
Pound Rebounds as Sentance Insists on Rising Interest Rates
February 17th, 2011 at 14:19
The Great Britain pound strengthened against the US dollar and the euro today after Bank of England policy maker Andrew Sentance explained in his today speech the necessity of raising the interest rates.
Franc Gains as Unrest in Middle East Spurs Demand for Safety
February 17th, 2011 at 13:42
The Swiss franc gained today, strengthening versus the US dollar for the fourth day and rising against other most-traded currencies, as the worries that the tensions will spread across the Middle East spurred demand for the safe currencies.
King Cools Expectations for Interest Rates Hike, Sterling Drops
February 16th, 2011 at 16:18
The Great Britain pound weakened today after Bank of England Governor Mervyn King suggested that the Bank isn’t ready for the interest rates hike.