The euro rose today against the US dollar for the second day as the German inflation grew and the Italian business confidence jumped. The possibility of the credits rating downgrades of the various European countries still may curb gains.
December 30th, 2010 at 13:29
December 21st, 2010 at 19:04
The Canadian dollar continued to decline today, falling for the forth straight day in the longest stretch of losses since October, as the slowing inflation caused the speculation that Canada’s central bank would keep the interest rates unchanged.
December 16th, 2010 at 20:39
The Great Britain pound jumped today after the reports showed that Britain’s retail sales expanded and the UK consumer inflation expectations increased, suggesting that Britain’s economy performs not that bad.
December 14th, 2010 at 18:04
The Australian dollar jumped, reaching parity with the US currency, today as China refrained from increasing its interest rates, boosting the commodities and the stocks and increasing the attractiveness of the currency.
December 13th, 2010 at 19:08
The US dollar weakened today as China kept its interest rates unchanged, reducing the concerns about the possible China’s actions to slow the Chinese economic growth and damping the demand for the safer currencies.
November 30th, 2010 at 18:29
The Brazilian real pared today its previous losses on the outlook for the central bank to increase the interest rates, attracting more investors to the country.
The Canadian dollar declined last week. One of the major reasons for the underperformance was the economic tightening measures in China. The ensued speculation about China’s plans to cool its economy weakened the growth-related currencies and caused the decline of the prices for crude oil, the biggest Canada’s export. The concerns about the actions of the Chinese government will cause pressure on the Canadian currency.
November 19th, 2010 at 16:22
The New Zealand dollar fell today on the concerns that China may raise its interest rates to cool the economy and to slow the inflation.
November 13th, 2010 at 7:19
The Chinese yuan strengthened on the speculation that the central bank may increase the interest rates in order to slow the rapidly growing inflation, which may create an asset bubble.
November 11th, 2010 at 4:07
The Japanese yen rose today, before returning to the opening level, on the speculation that the accelerating inflation in China would prompt the government to take steps to cool the economy.