The Great Britain pound continued its rally today, rising for a third day against the US dollar, as the report showed that UK construction sector returned to growth in January.
Lower Demand for Safety Saps Strength of Swiss Franc
February 02nd, 2011 at 5:14
The good reports from Europe, especially Germany and the general optimism about the global economy reduced demand for safer currencies, including the Swiss franc, which retreated versus the Euro. The franc rose against the US dollar.
Global Economic Recovery Reduces Demand for US Dollar
The US dollar weakened today as the signs that the global economic recovery gains momentum caused investors favor riskier assets over safer ones, reducing appeal of the US currency.
Brazilian Real Goes Up with Rising Inflation
February 01st, 2011 at 15:58
The Brazilian real edged up today as the index of consumer prices rose more than the analysts expected, increasing probability of an interest rate hike by the central bank.
Aussie Reaches Parity with Greenback as RBA Holds Interest Rates
February 01st, 2011 at 12:18
The Australian dollar climbed to parity with its US counterpart today as the global economy recovers, commodity prices advance and private investment in the nation increases, reducing the incentives for an interest rates cut.
Pound Rallies on Anticipation of Interest Rates Hike
February 01st, 2011 at 4:07
The Great Pound posted an impressive advance for the second day today as more and more policy makers are starting talking about necessity of the interest rates increase to suppress the accelerating inflation.
