Posts published in April 2010

Fragile State of U.K. Economy Curbs Pound’s Strength

The Great Britain pound dropped today after Timothy Besley, the former policy maker of the Bank of England, said that the economy of the U.K. remains in the fragile state and because of the increasing doubts that the new…

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Greece’s Fiscal Crisis Wounded Euro Again

The euro toppled against the U.S. dollar and Japanese yen on speculation that Greece will be unable to repay its debt as the decision about the bailout was delayed, giving rise to the concern that…

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Concern About Greece’s Crisis Pushes Yen Up

The Japanese yen gained today against most other majors as the demand for the safer currencies increased amid rising concerns that the aid, offered by the European Union government, wouldn’t be able to resolve…

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Canadian Dollar Remains Near Parity

The Canadian dollar trades near parity with its U.S. counterpart as the traders await the outcome of the 45 billion euro aid package, provided by the European Union and the International Monetary Fund to Greece. With…

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Declining Profits from Carry Trades Strengthen Dollar

The U.S. dollar rose today on the outlook that the greenback may become more attractive as the profits from the carry trades declines because of decreasing differences in the interest rates of various central banks. The profits…

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Mexican Peso Advances on Higher Risk Appetite

The Mexican peso advanced today on the outlook that the demand for the higher-yielding assets will increase after the talks about the aid package for Greece will be concluded. According to the words of the Greek Finance Minister…

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Pound Rises with Increasing U.K. House Prices

The Great Britain pound gained today, paring its previous losses, after the report about the rising house prices increased the confidence that the economic recovery in the U.K. is strengthening. These news…

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