The Great Britain pound rose today as the UK retail sales in November and Britain’s manufacturing in October in increased more than was forecast.
December 07th, 2010 at 14:37
November 24th, 2010 at 23:14
The Canadian dollar surged today, erasing losses against its US counterpart, as the signs of the economic recovery outweighed the risk aversion sentiment, spurring the loonie.
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 16th, 2010 at 2:47
The US dollar jumped today to the highest level in almost seven weeks against the euro as the concerns about the sovereign-debt continues to plague Europe and after the favorable economic data and the rising yield on the US Treasuries increased the appeal of the US currency.
November 15th, 2010 at 20:07
The Great Britain pound strengthened today after the European Union’s officials raised the estimates of Greece’s debt, prompting the traders to seek the perceived safety of the UK currency. The pound slipped versus the US dollar.
November 15th, 2010 at 11:51
The New Zealand dollar fell today as the Asian stocks dropped and the concerns about another debt crisis in Europe decreased the attractiveness of the higher-yielding currencies.
November 05th, 2010 at 15:30
The US dollar jumped against the euro today, erasing yesterday’s losses, after the reports showed that the US employers added last month more jobs than predicted, while the retail sails in the Eurozone unexpectedly declined in September, increasing concerns for Europe’s economy.
October 29th, 2010 at 14:23
The euro fell today as the European Union’s leaders discussed the permanent debt mechanism, causing the concerns about the renewed debt crisis in Europe.
October 29th, 2010 at 2:50
The Great Britain pound surged as the report this week showed the faster growth of the UK economy in the third quarter, causing the speculation that the next round of the quantitative easing would be postponed.
October 28th, 2010 at 20:43
The Swedish krona gained today after the report showed the retail sales grew more than predicted, increasing the probability of the interest rates hike.