The New Zealand dollar dropped today as the retail sales were lower than the analysts predicted and on the concern that the European debt crisis will dump the demand for the riskier currencies. New Zealand retail…
The Great Britain pound fell today against other most-traded currencies as the consumer confidence hasn’t recovered after it tumbled in March and on the concern that the budget cuts, planned by the new government, may…
The Australian dollar gained against its U.S. counterpart and rose versus the euro after the government reported that the number of people employed in Australia increased more than expected. The employers added 33,700…
The South African rand weakened today amid the concerns that the fiscal crisis in the European Union will afflict the pace of the global economic recovery, damping the demand for the riskier assets. The rand also weakened…
The Mexican peso gained today as the industrial production expanded more than expected signaling about the increasing pace of Mexico’s economic recovery. The industrial production in Mexico expanded 7.6 percent in March from…
The Canadian dollar extended its advance against the U.S. currency today for the fourth straight day as the rising global equities increased the appeal of the currencies tied to the economic growth. The Standard & Poorâs 500…
The euro resumed its decline against the U.S. dollar, after its previous advance on the news about the EU loan package, as the concern arose that the budget cuts required for the package will hurt…
The Great Britain pound slid today on the concerns for the risks for the economic recovery in the U.K., signaling about the pressing need to deal with the Britain’s significant budget deficit. The Bank of England is expected to keep…
The Japanese yen dropped today against the U.S. dollar and the euro as the outlook for the revival of the European economy and the strong equity markets diminished the demand for the currency as the safe haven. The outlook for the euro became somewhat more…
The Australian dollar fell against its U.S. counterpart, erasing its yesterday’s gains, and versus other most-traded currencies on the concerns that the loan package won’t resolve the fiscal crisis in the European Union.…