The Great Britain pound slid today after the report showed that the UK manufacturing PMI unexpectedly dropped, reducing the probability of an increase of the interest rates this week.
Yen Jumps as bin Laden’s Death Causes Demand for Safety
May 03rd, 2011 at 6:29
The Japanese yen gained today as fears that the death of Osama bin Laden will cause revenge from Al-Qaeda spurred demand from investors for the currency as a safe haven.
Loonie Weakened by Concerns About Election’s Outcome
May 03rd, 2011 at 1:49
Concerns that today’s election will lead to weakening the ruling Conservative party undermined the Canadian dollar. The decline of crude oil, main Canada’s export, drove the currency further down.
AUD & NZD Falls After Bin Laden’s Death
May 02nd, 2011 at 20:25
The Australian and New Zealand currencies were rising on today’s trading session, but dropped sharply after the report about the death of Osama bin Laden.
Dollar Goes Down as Economy Demonstrates Strength
May 02nd, 2011 at 17:05
The US dollar extended its fall today as the global economy continues to show robust recovery and on speculations that the Federal Reserve will lag behind other central banks in increasing interest rates.
