Archive for May 2011

South Korean Won Gains as Worries About Greece Eases

The South Korean won rose today against the US dollar as speculations that Greece will receive aid increased demand for higher-yielding assets.

New Zealand Dollar Surges to Record on Business Confidence

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

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

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

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

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

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

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

The New Zealand dollar surged today on the speculation that Chinese companies are interested in buying the New Zealand assets.

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