The Great Britain pound retreated today as the government report showed Britain’s economy grew with slower pace than was previously estimated, fueling concerns the UK isn’t able to survive without…
The Asian currencies, led by the Malaysian ringgit, gained today on the speculation that the Federal Reserve will boost stimulus to the US economy, improving prospect for Asia’s exports. Fed Chairman Ben Bernanke testified…
The Canadian dollar erased its previous losses today as the global equities rallied, easing concerns for the world economy and improving prospects for growth-related currencies. The speculation that the European leaders discuss the way to revive…
Back in July, Greece expected that about 21% of private bondholders would accept write-downs in order to prevent an outright default its sovereign debt. Now, some eurozone countries, led by Germany,…
US dollar is seeing some strength today, gaining as risk aversion makes an appearance. Concerns about the eurozone, as well as speculation about what Ben Bernanke will say about the economy…
The Great Britain pound dropped today after the report showed that the nation’s construction sector stalled last month, adding incentive for the UK central bank to increase stimulus. The Markit/CIPS Construction Purchasing…
The Australian dollar continued to fall today, extending its decline for the third straight session, as the Reserve Bank of Australia suggested that an interest rate cut may be possible as the inflation pressure eased.…
The past month was very unfavorable for the euro. The start of this month doesnât look positive for the shared European currency either. This week can define the future of the currency for a long time as the story…
The dropped today as the macroeconomic reports showed Switzerland’s economy experiences problems, spurring the speculation about yen another intervention by the nation’s central bank. This week started with the bunch of negative reports.…
The Canadian dollar climbed against the euro today as the favorable macroeconomic data made the Canadian currency more attractive to investors than the European one. On the other hand, the loonie fell against the US dollar…