Posts published in May 2010

Euro Drops to Lowest Level Since April 2009

The euro plummeted today to the lowest level in a year against the U.S. dollar and dropped against other most trading currencies on the concern that the bailout for Greece won’t resolve the nation’s budget problems and the crisis…

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Rand Weakened by Unfavorable Jobs Data & Declining Gold

The South African rand fell today against the U.S. dollar on the outlook for the unfavorable jobless rate to remain without much improvement and as the commodity prices declined, causing the analysts to bet that the currency will…

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Dollar Rises as U.S. Economy Improves

The U.S. dollar rose today as the reports about the increasing personal income, consumer spending and manufacturing signaled about the widening U.S. economic recovery; the greenback was also supported by the speculation that the Goldman…

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Concern About Greece’s Bailout Hurts Euro

The euro dropped today as the doubts arouse that Greece won’t receive the â‚¬110 billion aid package, which are supposed to be provided by the European Union governments and the International Monetary Fund. The EU…

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High Risk Appetite Boosts New Zealand Dollar

The New Zealand dollar rose today against other most-traded counterparts as the outlook for Greece to receive the rescue package valued as much as €110 billion ($146 billion) improved the investors’ risk sentiment and attracted…

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Loonie Goes Down on Falling Equities

The Canadian dollar declined against its U.S. counterpart and other major currencies after the equities dropped on the speculation that the federal prosecutors investigating whether to file the criminal fraud charge against the Goldman…

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