Archive for June 2011

Euro Gains as ECB Reveals Plans to Support Greece

The euro rose today after it reached the highest level in a month against the US dollar as the European Central Bank plans to take actions to help Greece avoid default.

Australian Dollar Gets Boost from Carry Traders

The Australian dollar advanced today on the speculation that the poor performance of the US economy will boost carry trades, increasing attractiveness of the currency.

Worries About Europe Ease, Indonesian Rupiah Gains

The Indonesian rupiah strengthened today as concerns about the European debt crisis eased, increasing appeal of riskier currencies.

Euro Posts Weekly Gains, Future Still Uncertain

The euro posted gains against other majors this week as concerns about the European sovereign-debt issues, particularly the situation in Greece, eased, increasing appeal of the shared European currency.

Canada’s Dollar Slips on Crude Oil & US Jobs Market

The Canadian dollar dropped today as crude oil declined after the report showed that the US employers added far less jobs than was anticipated by analysts and traders.

Euro at Four-Week High vs. Dollar on Greece & Non-Farm Payrolls

The euro jumped to the highest level in four weeks against the US dollar as Greece will receive more aid and as the US non-farm payrolls were simply terrible.

UK Services Slow Growth, Pound Weakens

The Great Britain pound fell today against almost all most-traded currencies after the report showed that Britain’s service industries expanded slower than was anticipated by markets.

Malaysian Ringgit Heads for Weekly Gains vs. Dollar

The Malaysian ringgit headed to a weekly gain against the US dollar today as the worsening economy of America shifted attention of investors from the greenback to higher-yielding currencies.

Canadian Dollar Takes Beating, US Economy is Blamed

The Canadian dollar was weaker today against most major currencies as the poor performance of the US economy had its negative impact on attractiveness of Canada’s currency to investors.

Dollar Declines Further on Economy, Possible Moody’s Downgrade

The US dollar fell for another session against major currencies as the nation’s economy continues to show signs of weakening and after Moody’s Investor Service said that it may cut the US credit rating.

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