UK pound is down against the US dollar today — but what high beta currency isn’t? With all of the uncertainty surrounding Greece, China and MFGlobal, it’s really no surprise that stocks are being routed, and the pound is following suit.
US Dollar Surges as Financial Markets Retreat
November 01st, 2011 at 13:44
US dollar is surging today in Forex trading, heading higher as financial markets retreat on the latest debacle in the Greek financial tragedy. In a surprise move, Greece has agreed to call a referendum on the rescue plan, and that has sparked global fears that Greece will just default.
Norway Krone Falls as Central Bank Intervenes
November 01st, 2011 at 11:58
The Norway krone declined today after the Norway central bank announced its plans to purchase foreign currency, weakening the nation’s currency.
Russia Ruble Falls Ahead of Greek Referendum
November 01st, 2011 at 10:31
The Russian ruble fell today as the concerns about the global economic slowdown weakened crude oil — the main nation’s source of export revenue.
Euro Continues Decline as EU Economy Worsens
The euro extended its decline today as the fundamental data suggested the economy of the European Union worsened, spurring the speculation that the problems of the EU are too big to be resolved in the near future.
Traders Feel Doubts About EU Rescue Plans, CAD Suffers
November 01st, 2011 at 1:55
The Canadian dollar weakened today after stocks declined as traders speculated that the European leaders would experience problems on their way to drag the European Union out of crisis.
