The Canadian dollar tumbled today versus the US currency as the report about the slower pace of the Canadian inflation growth caused the investors to reduce bets on the increase of the interest rates by Canada’s central bank. The core…
The euro slumped today after Axel Weber, the President of the Deutsche Bundesbank and Member of the Governing Council of the European Central Bank, suggested that the European Central Bank would be required to aid European…
The Japanese yen rose today against most other major currencies on the speculation that the slowdown of the global economic growth will increase demand for the Japanese currency as the safe haven. The experts estimated that…
The Thai baht gained today as the outlook for the economic growth in Asia increased the inflows of the global funds in the region and after the central bank suggested that it wouldn’t limit the currency’s appreciation. Thailand’s central…
The Canadian dollar slipped today after the economic reports from both the US and Canada itself intensified the concerns about the slowdown of the global economic growth. The wholesale sales in Canada declined 0.3 percent…
The US dollar weakened today against most other major currencies after the unemployment claims unexpectedly surged and other reports signaled that the economic recovery in the US is slowing. The report about…
The Malaysian ringgit advanced today after Malaysia’s economy posted the faster-than-expected growth and the central bank relaxed foreign-exchange controls. The nation’s economy grew 8.9 percent last quarter, compared to the forecast value…
The Great Britain pound rose today versus other major currencies as the nation’s budget shortage in July was smaller than expected. The UK budget posted the deficit of 3.17 billion pounds ($5…
The Canadian dollar rose as the North American stocks rallied after the hostile bid for the Potash Corp. by the BHP Billiton Ltd., which increased the appeal of the growth-linked assets. The future for crude oil, Canadaâs main…
The Japanese yen rose today as the renewed concerns that the recovery of the global economy is losing the traction fueled the demand for the safer assets. The experts say that Federal Reserve is expected to increase…