The Asian currencies, including the Malaysian ringgit, weakened today as concerns for the global economic growth caused investors to shun risk and decreased appeal of the region’s assets.
New Worries Return Demand for Franc
July 09th, 2011 at 14:32
The Swiss franc gained this week as concerns about the European indebted nations and the abysmal report about the US employment spurred investors to seek safety of the Swiss currency.
Australian Dollar Falls on Bad US Employment
July 09th, 2011 at 4:10
The Australian dollar fell against its US counterpart and the Japanese yen after the report about the US employment showed a very depressing result, reducing attractiveness of higher-yielding currencies.
US Dollar Weakens on Very Bad Payrolls
July 08th, 2011 at 22:01
The US dollar weakened today against most major currencies after the government report showed that growth the US non-farm payrolls was much lower than predicted and the unemployment rate unexpectedly increased. The US currency advanced versus the euro.
Thai Baht Advances on Overseas Inflows
July 08th, 2011 at 15:41
The Thai baht rose today, together with other Asian currencies, on the speculation that the growing economy and increasing interest rates will draw inflows of foreign funds in the nation’s economy.
GBP/USD Goes Higher on UK PPI
July 08th, 2011 at 13:33
The Great Britain pound rallied today against the US dollar as the data from the UK producers was positive, improving outlook for Britain’s economy and currency.
Canadian Dollar Surge on Positive Employment Data
July 08th, 2011 at 4:05
The Canadian dollar jumped on the positive report about the employment in the US and on the optimistic outlook for other employment reports from the US and Canada.
US Employment Improves, Reducing Need for Swissie
July 07th, 2011 at 21:33
The Swiss franc weakened today as the reports show that the employment in the US improved much more than predicted, reducing demand for the currency as a safe haven.
BOE Holds Rates, Pound Suffers
The Great Britain pound fell today against most major currencies after the nation’s central bank kept its key interest rate and the asset purchase program unchanged. The currency managed to advance versus the Japanese yen.
ECB Puts Main Interest Rate at 1.50%, EUR/USD Down
July 07th, 2011 at 12:55
The euro erased its losses versus the Japanese yen, but fell against the US dollar today even after the European Central Bank raised its main interest rate.
