The Great Britain pound rose this week as the favorable GDP report and the improving consumer confidence caused the speculation that the central bank wouldn’t introduce the additional stimulus to support the economy. The UK gross…
The Canadian dollar rose today after the reports showed that the economies of Canada and the US expanded, boosting the demand for the higher-yielding currencies. Canada’s gross domestic product increased by 0.3% percent in August, following…
The consumer confidence in the UK unexpectedly improved this month, supporting the Great Britain pound and possibly allowing it to post the weekly gain after the previous streak of the losses. GfK NOP Consumer Confidence…
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. Angela Merkel, the Chancellor of Germany, won the support of other EU…
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. The Britain’s…
The Swedish krona gained today after the report showed the retail sales grew more than predicted, increasing the probability of the interest rates hike. The annual growth of the retail sales was 5.5 percent…
The Chinese yuan fell today to the lowest level in a month after the central bank set the reference rate lower for the third day, fueling the speculation the government would limit the currency’s gains. It looks…
The US dollar fell against all other most-traded currencies today as the speculation that the bonds buying program of the Federal Reserve would weaken the US currency increased the demand for the riskier assets. The dollar…
The New Zealand tumbled today, reaching the lowest level in three weeks on the outlook that the Federal Reserve would buy less assets to stimulate the US economy, before regaining its strength of the comments…
The US dollar climbed today against all other major currencies on the speculation that the bonds purchases by the Federal Reserve would be less extensive than anticipated. The moves of the dollar recently were…