The New Zealand dollar rose against other most-traded currencies, jumping to the highest level in three years, after Finance Minister Bill English claimed that the fast growth of the inflation won’t damage the nation’s economy.
CAD Rives vs. USD & EUR on Rally of Commodities, Falls vs. JPY
April 15th, 2011 at 21:05
The Canadian dollar advanced versus the US dollar and the euro after crude oil gained. The currency fell against the Japanese yen on prospect of increasing tightening in China.
Aussie Weakens on China’s Rates Outlook
April 15th, 2011 at 14:04
The Australian dollar dropped today versus the euro and fluctuated against the US currency on the speculation that China will increase its interest rates to rein the rapid growth of the economy.
Euro Drops as Moody’s Cuts Ireland’s Credit Rating
April 15th, 2011 at 13:04
The euro went down today after Moody’s Investors Service downgraded Ireland’s credit rating, fueling worries that debt problems will cripple the peripheral economies of the European Union.
Pound Gains as UK Consumer Confidence Improves
April 14th, 2011 at 21:43
The Great Britain pound jumped today after the report showed the improvement of the UK consumers’ confidence, encouraging analysts to talk about a possible increase of the lending rates by the nation’s central bank.
CAD Goes Lower on Europe’s Woes, Recovers vs. USD
April 14th, 2011 at 18:25
The Canadian dollar fell today as concerns about the sovereign-debt crisis in Europe sapped demand from growth-related currencies. The loonie erased its losses versus the US dollar.
Dollar Falls on Forecast Fed Lag Behind ECB
April 14th, 2011 at 14:32
The US dollar fell against most major currencies today on the speculation that the Federal Reserve will lag behind the European Central Bank in increasing its borrowing costs as the US economy isn’t recovering fast enough to warrant higher rates.
EUR/USD Falls on Debt Concerns
April 14th, 2011 at 13:57
The euro fell versus the US dollar today on concerns that Greece and other indebted nation of the European Union will be required to restructure their debt. The currency pair somewhat recovered after the economic reports from the US were worse than predicted.
Australia’s Dollar Falls on Asia’s Stocks & Europe’s Problems
The Australian dollar slipped today against most major currencies on concerns about the European sovereign issues and as the Asian stocks fell after Singapore signaled about possible tightening.
Swedish Krona Rises with Better Growth Outlook
April 13th, 2011 at 15:35
The Swedish krona strengthened today after the government raised its growth forecast for the nation’s economy, adding to reasons for the central bank to raise its interest rates.