The Great Britain pound advanced today versus the US dollar after the second revision of GDP data confirmed that the nation’s economy emerged from recession. At the same time, the currency weakened against the euro and the Japanese yen.
GDP — News Archive
Hungarian Forint Rallies, Ending Sell Recommendation from Goldman
May 22nd, 2013 at 10:39
The Hungarian forint advanced today, breaking the level above which Goldman Sachs recommended their customers to close sell positions. The breakout added to the upward momentum of the currency.
Chilean Peso Drops on Weak GDP Growth
May 21st, 2013 at 1:42
The Chilean peso fell yesterday as Chile’s economic growth trailed forecasts, reinforcing the view that the central bank will cut interest rates soon.
Speculations About End of QE Pushes Dollar Upward
May 18th, 2013 at 19:11
This week was relatively quiet in terms of news, though some important macroeconomic reports were released. Meanwhile, the US dollar was rising against other most-traded currencies and the Dollar Index surged to the highest level in almost three years.
Slower Malaysia’s Growth Weakens Ringgit
May 17th, 2013 at 8:36
The Malaysian ringgit weakened today, heading to a weekly decline that will end the eight-week streak of gains, as country’s economic growth slowed last quarter.
Japanese Yen Remains Weak after GDP Reading
May 16th, 2013 at 12:38
The latest GDP reading for Japan has been released, and it shows an improvement for the first quarter of 2013. This news hasn’t served to strengthen the yen, however. Instead the Japanese currency is down against its major counterparts on expectations of continued easing.
Stronger US Dollar Pushes Gold Prices Lower
May 15th, 2013 at 15:35
The US dollar index is higher today, gaining ground as the greenback shows improvement against the euro. Even though the dollar is lower against some currencies, the greenback is showing overall strength, and that is pushing commodities like gold lower.
German GDP Trails Forecasts, Euro Down
May 15th, 2013 at 9:35
The euro fell today as German economic growth trailed forecasts, reducing investors’ optimism about the future of the eurozone.
Aussie Soft After Budget Forecast
The Australian dollar was soft today after the government forecast that economic growth will slow in the next financial year, adding reasons for the central bank to cut interest rates further.
Euro Struggles on Continued Recession Worries
May 13th, 2013 at 16:05
Euro is struggling today, changing between gains and losses against the US dollar, and finding it difficult to gain solid traction against other major currencies. Worries about recession continue to weigh on the 17-nation currency.
