The Canadian dollar gained today after the report showed that the inflation growth was stronger than anticipated, renewing talks about possible interest rates hike on the next meeting of the central bank policy makers.
Euro Gains Even Amid Debt Crisis
April 19th, 2011 at 19:46
The euro posted the unexpectedly strong gains today despite speculations about possible default of Greece and spreading of the sovereign-debt crisis continue to plague markets.
USD Reverses Trend as Market Sentiment Shifts
April 19th, 2011 at 12:54
This week has started with market sentiment turning to risk aversion mood and such sentiment may remain for the rest of the week. This can be both positive and negative for the US currency.
Australian Currency Looks Down When Demand for Safety Prevails
April 19th, 2011 at 9:37
The same problems of the US and Europe’s economies that spurred demand for safety caused the Australian dollar to drop today for the second day.
Yen Climbs while US Credit Rating & Europe’s Economy in Peril
April 19th, 2011 at 8:54
The Japanese yen rose today after Standard & Poor’s said yesterday that the US top credit rating isn’t certain and as concerns about the debt of the European countries drove investors to the safety of the Japanese currency.
Franc Gains vs. Euro, Drops vs. Yen & Dollar on Safety Demand
April 18th, 2011 at 20:41
Worries about the European debt crisis and the prospect of US credit rating’s downgrade increased demand for safe currencies today. As a result, the Swiss franc advanced versus the euro, but demand for safety benefited more for the US dollar and the Japanese yen.
US Dollar Gains as S&P Puts US Outlook to Negative
The US dollar gained today after Standard & Poor’s reduced the US credit rating to negative, spurring demand for the currency as a safe haven. The yen still looks more attractive as a safe currency and outperformed the greenback.
Europe’s Troubles & China’s Tightening Sap Strength from Ringgit
April 18th, 2011 at 10:55
The Malaysian ringgit weakened today as concerns about Europe’s debt crisis and China’s tightening measures draw traders away from riskier currencies.
Slower Inflation Growth Moves New Zealand Dollar Down
April 18th, 2011 at 10:09
The New Zealand posted today the biggest decline in more than four weeks after the report showed that the nation’s inflation slowed, signaling that the economic recovery loses momentum.
Aussie Ends Week Flat vs. Greenback & Euro, Falls vs. Yen
April 16th, 2011 at 16:07
The Australian currency fell against the Japanese yen over the week on concerns about Europe’s debt problems and China’s possible austerity measures. The Aussie managed to erase losses versus the euro and the US currency on the signs of the global growth and increasing commodity prices.