Archive for April 2011

Sterling Recovers from Six-Month Low vs. Euro

The Great Britain pound went down today to the lowest level in six months versus the euro as the inflation grew less than forecast and the jobless claims rose, but recovered as unemployment rate unexpectedly fell. The currency also gained against the US dollar.

Loonie Falls as BOC Keeps Main Rate Unchanged

The Canadian dollar slid after Canada’s central bank left its key interest rate unchanged and on concerns that strong currency may harm the nation’s economic growth. Currently the currency rose a little and moves sideway versus the euro and the US dollar.

US Dollar Weakens as Trade Deficit Remains Above Forecasts

The US dollar slipped today versus the euro and the yen after the report showed that the US traded balance deficit shrank less than was predicted by analysts. Forecasts were also too optimistic about the federal budget as today’s report showed.

Swedish Krona Fell as Inflation Pressure Recedes

The Swedish krone declined today as the inflation pressure weakened, reducing need for the central bank to increase the interest rates.

Swiss Franc Gains on Japan’s Woes

The Swiss franc strengthened today, rising for the fifth straight day against the US currency, after Japan was hit by another earthquake and on the speculation that the damage nuclear plant will release more radiation that Chernobyl power plant.

Canadian Dollar Weakens Before BOC Meeting

The Canadian dollar fell today before the meeting of the Bank of Canada policy makers as the central bank is expected to keep the interest rates unchanged and after commodities retreated.

Euro Falls as Higher Rates Can Cripple Weaker Economies

The euro slipped today on the speculation that the interest rates hike, performed by the European Central Bank last week, may hurt the most indebted nations of the European Union.

Australian Dollar Falls on Profit-Taking

The Australian dollar fell today, after it almost reached the previous record high earlier, on the speculation that traders will sell the currency to profit from the unprecedented rally.

Yen Rises After Another Earthquake in Japan

The Japanese yen gained today as another earthquake in Japan turned investors away from higher-yielding assets and made them seek safety.

Euro Spurred by ECB Rates Hike This Week

The euro fluctuated this week, behaving differently against different currencies, but by the end of the week the currency surged as the European Central Bank increased its main interest rate. Still, the shared European currency posted weekly losses against some stronger currencies.

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