The Japanese yen may rebound after its recent recessions against the majors as Masaaki Shirakawa, Governor of the Bank of Japan, expressed hope that the economic recovery, which apparently became self-supporting, will…
Posts published in April 2010
Fed Keeps Interest Rates Low, Will It Harm Dollar?
The U.S. dollar’s advance may be held in check by the Federal Reserve’s decision to continue keeping the interest rates low on signs that the inflation slowdown will continue for some time and the risk of increasing…
Canadian Dollar Reaches Parity with U.S. Currency
The Canadian dollar reached parity with the greenback and traded at a higher level compared to its U.S. counterpart today for the first time since July 2008 amid soaring prices for the crude oil, the main…
The euro continues to decline against the U.S. dollar, the Japanese yen and other major currencies as the speculation that Greece may reconsider its agreement to the rescue plan, involving European Union and International Monetary…
Pound Falls on Results of Survey
The U.K. pound declines after the poll showed that the forthcoming election in Great Britain may end without a party holding a parliamentary majority and being strong enough to resolve the budget deficit, because…
Will Aussie Reach Parity with Greenback?
The Australian dollar extended its gains against its U.S. counterpart for a second day on speculation that the central bank will continue its increase of the interest rates with the improvement of the domestic economy.…
Euro Tumbles Together with Greece Budget
The euro fell against such currencies as the Japanese yen, the Canadian dollar and the U.K. pound today as the rescue plan for Greece, devised by the European Union week ago, so far has failed to decrease…
Loonie Goes Up as Economy Recovers
The Canadian dollar has resumed its rally to parity with its U.S. counterpart, which was temporally halted on April 2nd, as the global economic rebound is spurring commodities (like the nation’…
More Jobs Lead to Stronger Dollar
The U.S. dollar gained versus most of its major counterparts and rose to the highest level since August 2009 against the Japanese yen as the improving situation in the labor market boosts the confidence in the economic recovery…
Russian Ruble is Bolstered by Crude Oil Prices
The Russian ruble rose against the U.S. dollar today as the crude oil’s price reached its record high in 17 months on the signs that the rising pace of the global economic recovery may spur…