The New Zealand dollar dropped today after the government report showed the nation’s current account deficit widened in the second quarter of this year.
Pound Slumps as Confidence Falls, BoE Considers More Stimulus
September 21st, 2011 at 13:10
The Great Britain pound plunged today as the minutes of the central bank’s policy meeting showed the policy makers considered boosting the asset purchasing program, while consumer confidence dropped further.
RBA Minutes Don’t Speak About Rates Cut, AUD Rises
September 21st, 2011 at 2:18
The Australian dollar strengthened as the minutes of the central bank’s policy meeting showed that the policy makers are content with the current level of the interest rates, reducing probability of a borrowing costs cut.
IMF Lowers Growth Forecast for Canada
September 21st, 2011 at 0:19
The Canadian dollar weakened as the International Monetary Fund cut its growth forecast for Canada, making the growth-related nation’s currency less attractive for investors.
Ringgit Falls as Europe Damages Growth Prospects for Asia
September 20th, 2011 at 16:27
The Malaysian ringgit fell today as concerns about the troubles in Europe hurt the outlook for the economic growth in Asia and reduced appeal of the emerging market currencies.
Swissie Weakens on Speculation About SNB Intervention
September 20th, 2011 at 14:13
The Swiss franc fell against all but one of most-traded currencies today as Forex traders speculated the Swiss National Bank may adjust the set trading range for the franc in order to support the nation’s exporters.
European Problems Have Negative Impact on Canada’s Currency
September 20th, 2011 at 5:38
The Canadian dollar weakened today as the sovereign-debt crisis in Europe saps demand for riskier assets and drive commodity prices down, making the Canadian currency less attractive to Forex trading. The currency advanced against the euro.
EU Ministers’ Meeting Ends Without Result, Euro Slumps
September 20th, 2011 at 5:01
The finance ministers of the European Union countries discussed the European debt problems, particularly the situation in Greece on the weekend, but the meeting ended without any noticeable result. The euro reacted very negatively to the indecisiveness of the European politicians.
GBP Falls for Fourth Week, Quantitative Easing Expected
September 17th, 2011 at 13:57
The Great Britain pound posted the fourth straight weekly decline against the US dollar and the Japanese yen as the fundamental data signaled that the nation’s economy is stagnating, prompting the speculation the UK central bank will be required to embark on a quantitative easing.
Canadian Securities Drive Canadian Dollar to Two-Week Record
September 17th, 2011 at 0:28
The Canadian dollar jumped today, reaching the highest level in two weeks against its US counterpart and the Japanese yen, as foreign investors bought more Canadian securities than was predicted.
