The Swiss franc gained against the euro as the meeting of the European Central Bank’s policy makers failed to provide the solutions to the European sovereign-debt crisis. The currency also rose versus the US dollar after the report…
The US dollar fell today as the unexpected increase of the US pending home sales in October and the rally of the stocks and the commodities signaled about the economic recovery and damped the demand for the dollar as the safe haven. The US pending…
The Great Britain pound rose today against the US dollar on the speculation that the European policy makers would begin the bonds purchasing program to resolve the debt crisis, increasing the attractiveness of the British assets.…
The Chinese yuan rose today on the speculation that China’s foreign reserves, which are largest in the world, would support the currency despite the European debt troubles and the tensions among North and South Korea.…
The Canadian dollar surged against its US counterpart as the signs of the global economic growth boosted crude oil and increased the appeal of the commodity currencies. The currency slipped versus the euro, which strengthened today…
The Australian dollar rose today against its US counterpart on the signs of the global recovery after it declined previously on the slower Australian economic growth. The euro outperformed the Australian currency. China’s Manufacturing…
The South African rand gained today as the reports showed that the Chinese manufacturing expanded more than expected and the US consumer confidence improved, increasing the appeal of the higher-yielding currencies. The China Federation of Logistics…
The euro rose today as the Governing Council of the European Central Bank will meet tomorrow and may find solution to the continuing problem with the sovereign-debt in Europe. The President of the ECB Jean-Claude Trichet hasn’t ruled…
The Canadian dollar fell against its US counterpart as the European debt troubles led to the risk aversion sentiment among the investors and after the report showed that Canada’s economic growth unexpectedly stalled.…
The Japanese yen surged on the concerns that Ireland’s bailout wouldn’t be able to contain the sovereign-debt problems from contaminating other European countries. The Standard & Poor’s signaled that it may…