The Australian dollar weakened today after the minutes of the Reserve Bank of Australia monetary policy meeting indicated that there’ll be no increase of the interest rates in the near future.
Loonie Gains vs. Greenback on Fundamentals, Falls vs. Euro
June 21st, 2011 at 2:19
The Canadian dollar advanced versus the US dollar on the good outlook for today’s Canadian macroeconomic reports, while fell against the euro as promises of resolution of the Greek crisis bolstered Europe’s shared currency.
US Dollar Falls as Traders Expect Fed Would Maintain Stimulus
June 21st, 2011 at 0:42
The US dollar weakened on today’s trading session as analysts say that this week’s reports will show weakness of the US housing market. The unfavorable fundamentals will likely prompt the Federal Reserve to keep interest rates near zero, undermining the dollar.
South African Rand Falls on Greek Crisis, Trims Losses
June 20th, 2011 at 16:41
The South African rand dropped today as the disagreement of the European Union leaders about the bailout for Greece reduced appeal of riskier currencies, but erased most of its losses after the European politician assured that they will help Greece.
Greece’s Bailout Delayed, Swiss Franc Jumps
The Swiss franc advanced today as the European Union leaders considered withholding half of the €12 billion portion of the Greek aid, increasing demand for safety of the Swiss currency.
Week Ended Positively for Euro
June 18th, 2011 at 11:06
The situation with Greece’s debt was hurting the euro during this week, but by the end of the week traders glimpsed a light in the end of the tunnel. New hopes for Greece emerged and that helped the European currency to erase losses.
EUR/USD Climbs on US Consumer Sentiment
June 17th, 2011 at 23:19
The euro climbed against the US dollar as the report showed that confidence of the US consumers dropped this month and on hopes that Europe will find solution to its problems.
New Zealand Dollar Rallies on Positive US Data
June 17th, 2011 at 10:55
The concerns about slowdown of the US economy eased after the set of good macroeconomic reports was released yesterday and that helped the New Zealand dollar to regain its footing.
US Jobless Claims Go Down, Korea’s Won Goes Up
June 17th, 2011 at 10:31
The South Korean won climbed today as the drop of unemployment claims in the US boosted demand for riskier assets, including Korea’ currency.
Australia’s Dollar Suffers from Europe’s Problems
June 17th, 2011 at 1:50
The Australian dollar weakened as the unending troubles in Europe drove stocks and commodities to the downside, reducing appeal of currencies linked to economic growth.
