The Canadian dollar managed to grow this week and almost recovered from the last week’s losses against the U.S. dollar, as the the global stock markets gains combined with an excellent dynamics of the crude oil…
Posts published in July 2010
Euro Grows Somewhat on European Banks Stress Test Report
The euro rose today after the European supervising agency released its report on the stress test results of 91 banking institutions on 16:00 GMT. Though, the impact of the release wasn’t very strong. The euro…
Britain’s GDP Data Pushes Pound Up
The Great Britain pound jumped against all other major currencies today as the British GDP data release surprised all Forex market participants with extremely high values, beating even…
European Data Boosts Australian Dollar
Better than expected news from the Eurozone helped the Australian dollar to grow against all other major currencies today despite the pessimism expressed by the RBA yesterday. The Aussie rose against the greenback…
Korean Won Recovers on Corporate Report
The South Korean currency recovered its losses after dipping down earlier today as the corporate report from Hynix boosted the investors’ interest in the country’s stock market. The South Korean won was…
Following a rapid growth yesterday, the Australian dollar declines against its major counterparts (except euro) today as the market participants expect the interest rates to be on hold for some time. Worsening global…
The Japanese yen rose against its major counterparts today, following the bearish session yesterday, as the traders expect some rise in the risk averting sentiment among the market participants before fundamental releases,…
Bank of Canada Raises Rate, CAD Reacts Positively
The Canadian dollar rose against all major currencies after the country’s central bank decided to increase the target overnight rate to 3/4 percentage point on its meeting today. The Bank of Canada announced…
Near-Term Outlook for Decline of U.S. Dollar
The U.S. dollar was rising as the European crisis increased the demand for the safe currencies, but recently began to decline as the focus of the concerns turned to the U.S. themselves. While at the end of this week the greenback rebounded…
Australian and N.Z. Dollars Rise on China’s Growth
The Australian and New Zealand dollars rose significantly against the other major currencies today as the Chinese stock market demonstrated growth on talks that the government may easy the investment regulations. The Aussie and the kiwi…