The euro halted its downfall this week, which was caused by the concern about the Greece’s ability to deal with its budget deficit, amid the optimism caused by the announcement about the possible European…
Posts published in April 2010
Commodity Prices & Stocks Drive Brazilian Real Upward
The Brazilian real strengthened against the U.S. dollar today as the rising commodity prices make better prospect for the exports and because the growing global supplies allows the traders to take more risk while seeking…
Euro Climbs as Danger of Default in Greece Recedes
The euro advanced for the second straight day versus the U.S. dollar and the Japanese yen, supported by the announcement of the European Union officials that they are ready to aid Greece if necessary and also on outlook…
Dollar May Be Bolstered by Consumer Demand
The U.S. dollar declined against the euro after the concern about Greece’s budget deficit has eased, but in the same time the U.S. currency gained versus the Japanese yen and may be further…
The New Zealand’s dollar advanced versus its U.S. counterpart for the second straight day as the nationâs interest-rate advantage over the U.S. reached its highest level since 2008 after the central bank…
Pound Is Rising with U.K. Production
The Great Britain pound rebounded against the U.S. dollar and the Japanese yen on the signs that the factory production in the U.K. surged in February by twice as much as the analysts predicted, to the highest since 2008, as the recent declines…
The Canadian dollar fell versus its U.S. counterpart after it have reached parity for the first time since July 2008 for a second straight day after the report that the Bank of Canada…
Rand Rebounds After Falling on Concern for Power Funding
The rand dropped today for the third straight day as the speculation that the World Bank won’t grant the loan for Eskom Holdings Ltd., which would be used to fund the construction of the coal-fired Medupi plant,…
China Lets Yuan Appreciate
The Chinese yuan gained on the prospect that the central bank will stop keeping the currency at current rate, removing the a 21-month-old peg, and allow it to appreciate, attempting to keep the inflation under control and also…
Indian Rupee Falls as Importers Prefer Dollar
The Indian rupee fell as importers, particularly the nationâs refiners, increased the buying of the U.S. dollar to pay for increasingly costlier overseas purchases, utilizing the U.S. currencyâs strength. The stronger rupee may attract trader…