The Canadian dollar traded within a cent from parity with the US currency as decline of stocks and signs of global economic slowdown spurred speculation that the nation’s central bank will decrease its interest rates.
Europe Weakens Asian Currencies, Malaysian Ringgit Down
September 06th, 2011 at 13:07
The Malaysian ringgit fell today, together with other Asian currencies, as concerns about Europe’s problems intensified after Germany’s ruling party lost vote, reducing prospects for Asian exports.
Record Drop of Franc After SNB Pegs Currency to Euro
September 06th, 2011 at 11:26
The franc plunged today, posting the biggest decline against the euro in all times, after the Swiss National Bank decided to set limit of franc’s appreciation versus the euro.
Decline of UK Service Industries Hurts Pound
September 05th, 2011 at 14:01
The Great Britain pound tumbled today as the Services Purchasing Managers’ Index slumped in August, confirming a bad state of Britain’s economy and reducing attractiveness of the UK currency as a haven from problems in continental Europe.
Euro Sinks After Merkel’s Party Loses Election
September 05th, 2011 at 12:51
The euro plunged today, falling for the fifth consecutive session against the US dollar and the Japanese yen, after Germany’s ruling party lost election.
Third Week of Gains for Aussie, Can Rally Be Sustained?
September 03rd, 2011 at 12:32
The Australian dollar rallied for almost the whole week, posting the third week of gains against the US dollar in the longest run of weekly gains since April, but by the end of the week fundamentals became unfavorable for the currency.
Pound Profits from Terrible US Payrolls
September 02nd, 2011 at 22:45
The Great Britain pound gained against the US dollar as bad US non-farm payrolls reduced attractiveness of the greenback. The sterling also moved higher versus the euro as traders are concerned about the European economy.
US Dollar Suffers From Terrible Nonfarm Payrolls
September 02nd, 2011 at 19:40
The US dollar fell against other major currencies, including the Great Britain pound and the Japanese yen, today after the non-farm payrolls showed that job creation in the US stalled. The currency also slipped against the euro, but later rebounded.
Franc Jumps as US Payrolls Show Zero Growth
The Swiss franc climbed today against the US dollar, extending its rally for the third day, after the non-farm payrolls showed that US employers weren’t adding jobs last month.
Rand Fluctuates as Traders Uncertain About Global Growth
September 02nd, 2011 at 12:31
The South African rand fell today as uncertainty of Forex traders about ability of the global economy to maintain growth reduced demand for safer currencies. Yet currently the rand rebounded.