The South Korean won rose today against the US dollar as speculations that Greece will receive aid increased demand for higher-yielding assets.
Archive for May 2011
New Zealand Dollar Surges to Record on Business Confidence
May 31st, 2011 at 8:24
The New Zealand dollar jumped today against its US counterpart to the all-time high as business confidence improved to the highest level in almost a year, boosting outlook for interest rates.
Hard Week for Dollar as US Economy Stalls
The US dollar dropped this week against most major currencies as the macroeconomic data was terrible, reducing attractiveness of the currency as a safe asset.
Canadian Dollar Heads for Weekly Decline on US Economy
May 27th, 2011 at 18:55
The Canadian dollar fell against most major currencies and headed for the fourth straight weekly decline against its US counterpart as the sings of the economic slowdown in the US, the biggest Canada’s trading partner, reduced appeal of the currency.
Dollar Slumps on Personal Spending & Pending Home Sales
May 27th, 2011 at 16:01
The US dollar extended its drop against most major currencies today as the economic data showed that US consumers were spending less than expected last month and pending home sales slumped heavily.
Rand Advances vs. Dollar on Economic Growth
May 27th, 2011 at 10:58
The South African rand rose today against the US dollar as the nation’s economic recovery remains strong, while the US recovery is stalling.
South Korean Won Climbs on Current Account Surplus
May 27th, 2011 at 10:36
The South Korean won gained today as the nation’s current account surplus advanced to the highest level in four months in April, increasing demand for South Korean assets.
Euro Rises vs. Dollar as Economy Stabilizes
May 27th, 2011 at 3:06
The euro strengthened against the US dollar today as the stream of bad news calmed, signaling that the economic environment stabilizes. The currency slipped against the Japanese yen before rebounding.
US Dollar Falls on GDP & Rising Unemployment Claims
May 27th, 2011 at 0:35
The US dollar fell as the negative economic data spurred talks that the US Federal Reserve will lag behind the European Central Bank in increasing interest rates.
New Zealand Dollar Jumps on Chinese Investments
May 26th, 2011 at 16:38
The New Zealand dollar surged today on the speculation that Chinese companies are interested in buying the New Zealand assets.

