The euro surged today after the European Central Bank held the interest rates unchanged. The 16-nation shared European currency now declines versus the US dollar and the Japanese yen. The Governing Council of the ECB…
The New Zealand dollar gained today as the reports showed the better-than-expected employment figures, increasing the possibility that the central bank would raise the interest rates. The employment in New Zealand grew 1.0 percent…
The Great Britain pound jumped today as the Bank of England refused to follow the Federal Reserve in the quantitative easing and kept its bonds-purchase program unchanged. The Bank of England stuck to its plan to spend £200…
The Canadian dollar gained today after the Federal Reserve announced its bonds-buying plans, improving the outlook for the economy of the US, the biggest Canada’s trading partner. The Federal Reserve it’s going to spend $600…
The US dollar fell after the US Federal Reserve announced its Treasuries-purchase program, causing the greenback to drop against 15 of 16 most-traded currencies. The Federal Reserve announced that it’s going…
The report today showed the unexpected growth of Britain’s services PMI, helping the Great Britain pound to gain and causing the speculation that the central bank would keep its policy unchanged tomorrow. Britain’s…
The New Zealand dollar rose against its US counterpart on the speculation that the US Federal Reserve would announce today the next round of the quantitative easing. The greenback weakened against the higher-yielding currencies,…
The Great pound dropped against the euro, erasing the two-day gains, after the report showed the slower construction growth, reinforcing the concerns for Britain’s economy and the outlook for the quantitative easing by the Bank of England. The Construction Purchasing…
The new Iraqi dinar, introduced in 2003 after the fall of the Hussein’s rule, became popular among some investors, who hope it would become much more valuable soon and would bring…
The Japanese yen weakened today as the rallying stocks and the interest rates hike in Australia added to the signs of the global economic recovery, decreasing the demand for the safer currencies. The MSCI Asia Pacific Index of regional shares…