The Australian dollar erased losses versus the US counterpart today as the government report showed that the value of new capital expenditures made by private businesses increased in the first quarter of this year.
Euro Goes Higher as China Plans Purchase of European Bonds
May 26th, 2011 at 3:17
The euro advanced today on the speculation that Asian countries will buy European bonds despite the debt crisis that still threatens stability of Europe’s economy.
Swiss Franc Jumps to Record vs. Euro
The Swiss franc climbed the record against the euro and advanced versus all other most-traded currencies as the sovereign-debt issues in Europe continue to drive investors to safety.
Aussie Drops with Completed Construction Work
May 25th, 2011 at 14:42
The Australian dollar fell today on concerns about the impact of Europe’s debt crisis on the global economy and after the report showed that completed construction work grew less than predicted.
Pound Gains as Exports Support GDP Growth
May 25th, 2011 at 14:05
The Great Britain pound strengthened today after the report showed that increasing exports helped to sustain the growth of the UK economy, increasing attractiveness of Britain’s currency to investors.
Swiss Franc Gains as China’s PMI, Europe’s Debt
May 25th, 2011 at 4:23
The Swiss franc climbed today as the report showed that China’s PMI fell and Europe’s debt problems continue undermine confidence in the global economic recovery.
Euro Rebounds on German Business Climate
May 24th, 2011 at 22:41
The euro pared yesterday’s losses today after the report showed that the German business climate remained stable this month, giving hopes that the European Central Bank will increase the interest rates in June.
South African Rand Stops Decline as Commodities Recover
May 24th, 2011 at 13:35
The South African rand gained today, ending the two-day drop versus the US dollar, after commodities recovered and on speculation that policy makers will take measures to deal with the European debt crisis.
Korean Won Rebound as Exporters Profit from Currency’s Drop
May 24th, 2011 at 12:46
The South Korean won recovered today from the previous drop to the lowest level in seven weeks as exporters took chance to turn their profits into the nation’s currency.
New Zealand Dollar Rebounds as Stocks & Commodities Recover
May 24th, 2011 at 3:55
The New Zealand dollar advanced today, erasing the yesterday’s losses versus its US counterpart, as commodities and stocks recovered after the decline on the yesterday’s trading session.