Posts published in June 2010

Pound Weakens on Fears of Double-Dip Recession

The Great Pound weakened today after the central bank’s policy makers suggested that the budget spending cuts might throw the Britain’s economy back into recession. The GfK NOP index of the consumer…

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Thai Baht Rises, but Remains Under Pressure

The Thai baht rose today after it previously fell as the political turmoil drove away the investors and prompted them to take away the fund from the nation’s equities. The foreign investors took away…

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Korean Won Weakens as Economic Recovery Slows

The South Korean won slid today after the U.S. consumer sentiment slumped more than forecast, fueling doubts about the strength of the global economic recovery. The MSCI Asia-Pacific Index of regional shares…

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Concerns for Global Economic Growth Rise, Hurting Loonie

The Canadian dollar today sank against its U.S. counterpart and weakened versus the euro on the concerns about the state of Europe’s economy and its banking system, causing the investors shun the higher-yielding stocks and commodities.…

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Yen Strengthens amid Concerns for Economic Recovery

The Japanese yen rose today against the U.S. dollar and the euro as the speculation that the global recovery is faltering increased the demand for the safety, boosting the Japanese currency. The pessimism about the European economy remains…

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Franc Appreciated as Deflationary Concerns Waned

The Swiss franc advanced against the euro today to the record high level after the Swiss National Bank said that it’s not likely to intervene to prevent the franc’s appreciation. Jean-Pierre Danthine, the Member…

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Great Britain Pound Gains on Improving Confidence

The Great Britain pound strengthened today after the leaders of the Group of Twenty set the budget-deficit targets, stating that they would focus on the supporting the economic growth and would try to avoid levies on the banks.…

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South African Rand Strengthens After G-20 Meeting

The South African rand gained today as the attractiveness of the higher-yielding currencies increased after the Group of Twenty leaders discussed plans to curb the budget deficits. The G-20 pledged at least to halve deficits by 2013, to maintain…

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