The Great Britain pound dropped today after the report showed that the UK consumer confidence slipped, showing the concerns of Britons about the planned spending cuts. The Nationwide Consumer Confidence fell from…
The Australian dollar fell from parity with its US counterpart today as the unemployment rate increased, even though it was supposed to fall. The Aussie extended its gains against the euro.…
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. The consumer prices in China grew 4…
The Russian ruble posted gains today as the prices for crude oil rallied and the quantitative easing in the US spurred the demand for the riskier assets. The quantitative easing weakened the dollar and boosted commodities, including oil, the main…
The Great Britain pound advanced against the US dollar today after the Bank of England said that the inflation may stay above the 2 percent target, decreasing the probability of the quantitative easing by the bank…
The US dollar rose today against the euro and the Japanese yen as the increasing yield of the Treasuries raised the attractiveness of the dollar-priced assets. The dollar also strengthened as the reports showed that the US trade deficit narrowed…
The Swiss franc strengthened versus the euro on the renewed concerns for the European economy, threatened by the budget deficits of the peripheral economies. The franc fell against the US dollar after the reports showed the consumer confidence in Switzerland…
The Canadian dollar dropped from parity with the US dollar after commodities, including crude oil, and the stocks fell, decreasing the appeal of the growth related currencies. The loonie gained versus the euro. The equities…
The South African rand strengthened today against the US dollar on the speculation that the carry trade would persist, increasing the capital inflows in South Africa and bolstering the currency. Pravin Gordhan, South Africa’s…
The Chinese yuan gained today on the speculation that the Chinese government would allow the currency to appreciate ahead of the Group of Twenty meeting. The Peopleâs Bank of China increased the yuanâs reference rate by 0.17 percent…