Posts published in November 2011

US Dollar Surges as Financial Markets Retreat

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…

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Norway Krone Falls as Central Bank Intervenes

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…

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Russia Ruble Falls Ahead of Greek Referendum

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…

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Euro Continues Decline as EU Economy Worsens

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…

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