Archive for June 2011

Euro Falls as EU Leaders Discuss Greece

The euro went down before the end of the summit in Brussels today. The European Union leaders discussed the bailout for Greece and traders are uncertain about the possible decision.

Pound Falls as Retail Sales Decline

The Great Britain pound dropped today for the second day as the retail sales retreated to the lowest level this year, supporting the outlook that the Bank of England maintain stimulus.

Rand Weakens with Commodities on US Growth Forecast

The South African rand fell today for the second day as commodities weakened after the Federal Reserve slashed its US growth forecast.

Canada’s Dollar Fluctuates After Carney Statement

The Canadian dollar fluctuated after the dovish statement of the Federal Reserve and the speech of Mark Carney, Bank of Canada Governor. The speech of the Governor left mixed feelings, while the Fed statement was moderately negative for the currency.

Fed Keeps Rates Unchanged, Dollar Rises vs. Euro on Greece

The US dollar gained today versus the euro as the impact of the situation in Greece outweighed the dovish statement of the Federal Open Market Committee.

Euro Falls After Confidence Vote

The euro dropped today even after Greece’s Prime Minister George Papandreou won the confidence vote as traders think that he’ll struggle to implement austerity measures.

Pound Falls as Minutes Signal About More Stimulus

The Great Britain pound dropped today as the minutes of the Bank of England monetary policy meeting showed that most of the policy makers voted to keep lending rates unchanged and suggested that further easing may be possible.

Kiwi Fluctuates, Can Become Stronger on Current Account

The New Zealand dollar fluctuated today after it rose yesterday as the nation’s current account deficit shrank more that was predicted by economists.

Papandreou May Win Confidence Vote, Euro Rises

The euro gained today as stocks and commodities rallied on the speculation that Greek Prime Minister George Papandreou will win a confidence vote in the parliament.

Sheqel Gains on Interest Rates Swaps

The Israeli New Sheqel rose today as the difference between Israel’s and the US interest rates attracted investors to the currency.

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