UK pound is down against the US dollar today — but what high beta currency isn’t? With all of the uncertainty surrounding Greece, China and MFGlobal, it’s really no…
UK Pound Lower Against US Dollar, But Up Against Euro
November 1, 2011
Posts published in November 2011
US Dollar Surges as Financial Markets Retreat
November 1, 2011
US dollar is surging today in Forex trading, heading higher as financial markets retreat on the latest debacle in the Greek financial tragedy. In a surprise move, Greece has agreed to call a referendum on the rescue…
Norway Krone Falls as Central Bank Intervenes
November 1, 2011
The Norway krone declined today after the Norway central bank announced its plans to purchase foreign currency, weakening the nation’s currency. Norges Bank announced yesterday that it’s going to buy…
Russia Ruble Falls Ahead of Greek Referendum
November 1, 2011
The Russian ruble fell today as the concerns about the global economic slowdown weakened crude oil — the main nation’s source of export revenue. Greece’s Prime Minister George Papandreou said he’s…
Euro Continues Decline as EU Economy Worsens
November 1, 2011
The euro extended its decline today as the fundamental data suggested the economy of the European Union worsened, spurring the speculation that the problems of the EU are too big to be resolved in the near future. The retail…
Traders Feel Doubts About EU Rescue Plans, CAD Suffers
November 1, 2011
The Canadian dollar weakened today after stocks declined as traders speculated that the European leaders would experience problems on their way to drag the European Union out of crisis. The optimism about the European…