The comments of Germany’s Chancellor Angela Merkel about commitment of the European Union members to support the euro helped the currency to rise today.
South African Rand Climbs vs. Dollar on Greece’s Bailout
June 02nd, 2011 at 14:04
The South African rand jumped today against the US dollar as Germany’s Chancellor Angela Merkel confirmed that the European Union is committed to support the stability of the euro.
Australian Dollar Weakens on GDP & Trade Balance
June 02nd, 2011 at 5:37
The Australian dollar fell against the euro and fluctuated after dropping versus the US dollar and the Japanese yen as the negative impact of the declining GDP and traded balance surplus overshadowed the positive influence of the growing retail sales.
Swiss Franc at Record vs. Dollar & Euro
The Swiss franc jumped to the record price against the US dollar and the euro as the signs of stalling global recovery made traders seek safety, drawing them to Switzerland’s currency.
Canadian Dollar Weakens on GDP & Interest Rates
June 01st, 2011 at 5:16
The Canadian dollar fell today as the negative influence of the current account deficit and unchanged interest rates outweighed the positive influence of the growing economy. The currency advanced against the greenback, which was crippled by the bad economic reports from the US.
Bad US Economy Knocks Dollar Down
June 01st, 2011 at 4:18
The US dollar fell today as the poor macroeconomic reports confirmed the slowdown of the US economy, making an end of the quantitative easing in the near future highly improbable.