Archive for September 2011

Swedish Krona Falls as Manufacturing Declines

The Swedish krona fell as the report showed that manufacturing in Sweden contracted last month, reinforcing outlook that the nation’s central bank would cut interest rates.

US Manufacturing Expands, Dollar Profits

The US dollar advanced today as the unexpected growth of US manufacturing spurred speculation the Federal Reserve won’t be required to stimulate the economy, debasing the US currency.

Australian Retails Sales Go Up, Aussie Follows

The Australian dollar advanced today versus the euro and the Japanese yen after the report showed retail sales grew in July more than predicted.

Franc Rallies as SNB Doesn’t Intervene

The Swiss franc gained today for the second day, snapping yesterday its three-day downfall versus the US dollar and the euro, as the Swiss National Bank hasn’t announced new measures to curb franc’s strength.

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