Archive for September 2011

Canadian Dollar Falls with Employment

The Canadian dollar fell today for the second day against its US counterpart and the Japanese yen, heading to parity with the greenback, after the report showed that employment in Canada unexpectedly dropped and unemployment rate rose last month. The currency managed to gain versus the euro.

BoE Keeps Main Interest Rate Unchanged, GBP/USD Fluctuates

The Great Britain pound fluctuated versus the dollar today after the Bank of England kept its main interest rates unchanged yesterday and today’s report showed that producer prices declined last month. The pound advanced against the yen.

ECB Keeps Rates Unchanged, Euro Falls

The euro weakened today, falling for the second day against the dollar and the yen, after the European Central Bank maintained its key interest rate unchanged yesterday.

South Korea Keeps Rates Unchanged, Won Down

The South Korean won fell today after the nation’s central bank decided to keep its main interest rates unchanged, signaling that the economic recovery is faltering.

Australian Dollar Falls as Unemployment Grows

The Australian dollar fell today after the employment data came out much worse than was expected, prompting the speculation that the central bank will cut its interest rates.

Euro Advances as Stocks Rally. Future Still Looks Uncertain

The euro gained against the US dollar and the Japanese yen as equities advanced and on the speculation the European Central Bank won’t reduce interest rates, but gains of the shared European currency were limited because of concerns about the financial crisis in the region.

BoC Maintains Interest Rates, Canadian Dollar Climbs

The Canadian dollar jumped against its US counterpart as the Bank of Canada announced, after deciding to keep the target lending rate unchanged, that it’s expecting the economic growth to resume in the second half of this year.

More Bad Macroeconomic Data from UK, Pound Hurt

The Great Britain pound slid versus the euro and the Japanese yen today after the macroeconomic data showed that industrial production slowed in July and house prices declined last month. Both results came out as an unpleasant surprise for market participants.

Aussie Gains as Australian Economy Grows

The Australian dollar rallied today, ending the three-day decline against the US dollar, after the report showed that the Australian economy grew more than expected in the second quarter.

Pound Falls as Retail Sales Decline. More Stimulus Ahead?

The Great Britain pound fell today, dropping to the lowest level in almost two months against the US dollar, after the report showed that UK retail sales declined in August, spurring speculation that Britain’s central bank will be required to stimulate the nation’s economy.

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