The euro went down after the European Central Bank kept its benchmark rates unchanged, while reports showed that France’s and Germany’s trade balance deteriorated. The currency regained some of its strength today.
Australian Dollar Retreats on Low Employment Growth
June 09th, 2011 at 9:46
The Australian dollar weakened today as the government report showed that Australian employers added fewer jobs than was predicted by analysts.
RBNZ Holds Rates, Kiwi Rises
June 09th, 2011 at 9:13
The Reserve Bank of New Zealand kept the main interest rate unchanged today, but signaled that it may be raised rather soon, boosting the New Zealand dollar.
Yen Profits from Fears of European Crisis
June 08th, 2011 at 9:51
The Japanese yen rose today as the concern that the sovereign-debt crisis in Europe will worsen bolstered attractiveness of Japan’s currency as a safe haven.
Pound Goes Lower on Shop-Price Inflation & Retail Sales
June 08th, 2011 at 9:29
The Great Britain pound weakened today after the report showed that the growth of the UK shop prices slowed and retail sales decreased in May.
Australian Dollar Falls on Concerns for Economic Growth
June 08th, 2011 at 3:14
The Australian dollar dropped today on the mounting concerns about the slowdown of the global economic recovery, caused by the debt crisis in European and the unfavorable economic data from the US.
US Dollar Weakens on Bernanke Speech
June 08th, 2011 at 1:14
The US dollar weakened after Federal Reserve Chairman Ben S. Bernanke suggested that the Fed should maintain stimulus as ”US economic growth so far this year looks to have been somewhat slower than expected”.
Pound Gains as ECB Helps Greece & House Prices Rise
June 07th, 2011 at 13:47
The Great Britain pound went up today as the European Central Bank supported plan for rollover of the Greek bonds and after the report showed that the UK house prices increased in May.
Korea’s Won Slips on US Economy
The South Korean won fell today on the speculation that the slowdown of the US economy will deter investors from higher-yielding assets.
Australian Dollar Erases Gains as RBA Holds Rates
June 07th, 2011 at 6:19
The Australian dollar erased yesterday’s gains today after the Reserve Bank of Australia left its benchmark interest rate unchanged and signaled that it’s content with the current level of borrowing costs.