Archive for June 2011

Loonie Gains on Employment, Will Crude Oil Stop Rally?

Canada’s dollar gained today as the unexpected drop of the unemployment rate last week improved outlook for the nation’s economy and attractiveness of its assets. The currency weakened versus the euro.

Swiss Franc Reaches Record vs. Euro

The Swiss franc jumped to the all-time high against the euro and climbed against other most-traded currencies on concerns that the European Union policy makers won’t be able to reach agreement about measures to deal with the sovereign debt.

Malaysian Ringgit Down on Growth Concerns, Europe’s Crisis

The Malaysian ringgit dropped today on the signs that the global economic recovery is faltering and on the speculation that Europe’s leaders won’t be able to deal with the debt issues.

Yen Falls on Anticipation of Stimulus

The Japanese yen weakened today on the speculation that the nation’s central bank will perform stimulus measures to help the recovery of the economy.

Week of Relief for US Currency

The US dollar posted gains against other major currencies this week as the positive macroeconomic data improved outlook for the US economy and helped to attract investors to the currency.

CAD Falls as Positive Fundamentals Muted by Drop of Crude

The Canadian dollar fell today against the US dollar and the Japanese yen as stocks and crude oil declined. The currency gained versus the euro as the macroeconomic reports showed positive tendencies in Canadian employment.

Dollar Recovers on Positive Fundamentals

The US dollar climbed today after the positive macroeconomic reports eased concerns that the US economy is weakening and allowed the currency to recover from the recent slump.

New Zealand Dollar Near Record

The New Zealand dollar traded near record today as commodities and equities gained, while China’s imports increased, improving prospects for New Zealand’s exports.

South Korea’s Central Bank Raises Rates, Boosts Won

The South Korean won rose today against the euro and gained versus the US dollar before retreating as the nation’s central bank lifted its main interest rate to rein the inflation.

Loonie Falls as Canada’s Trade Gap Widens

The Canadian dollar slid today as the report that the Canadian trade balance deficit unexpectedly widened outweighed the increase of crude oil prices.

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