The Australian dollar rose today after the central bank unexpectedly raised the interest rates today, increasing the attractiveness of the nation’s assets. The Reserve Bank of Australia raised its cash rate to 4.75 percent,…
The Canadian dollar gained today against its US counterpart as oil, the main nation’s export, advanced and on the speculation that the quantitative easing by the Federal Reserve would weaken the US currency. The loonie also…
The dollar gained today after the reports showed that the construction spending and the manufacturing in the US unexpectedly grew and as the speculators closed some of their long positions on the euro ahead of the Federal Open Market Committee…
China’s manufacturing growth also bolstered the South African rand as it has increased the appeal of the higher-yielding currencies. China Federation of Logistics and Purchasing Purchasing Managers’ Index advanced to 54.7 in October from…
The Swiss franc declined today as the stocks gained and the Chinese manufacturing expanded, curbing the demand for the safer currencies. The franc also dropped after the report showed that Chinaâs Purchasing Managersâ Index rose…