The Great Britain pound extended its losses versus the US dollar and the euro today after the report showed that the house prices in Britain decline more than forecast last month. The House…
Sterling Drops on Falling House Price
March 4, 2011
Posts published in March 2011
South Korean Won Rally with Other Asian Currencies
March 4, 2011
The Asian currencies, including the South Korean won, jumped today on the speculation that the policy makers won’t intervene to prevent gains. The Bloomberg-JPMorgan Asia Dollar Index rose 0.5 percent this week.…
Aussie Declines vs. Greenback & Euro
March 4, 2011
The Australian dollar fell against its US counterpart as the employment in the US improved. The currency also slipped versus the euro on the speculation that the European Central Bank will increase the interest rates before…
Dollar Rises vs. Pound & Yen on Improving Labor Market
March 4, 2011
The US dollar strengthened versus the Great Britain pound and the Japanese yen as the macroeconomic reports showed that the US jobs market improved, causing optimism about the future of the US economy. The currency retreated…
The gains of the Norwegian krone caused the concerns that the stronger currency will hurt competitiveness of the nation’s exporters. The currency fell today after it sharply advanced on the previous trading session. Finance Minister…
Euro Rallies as ECB May Raise Interest Rates Next Month
March 3, 2011
The euro rose today for the second day against the US dollar as European Central Bank President Jean-Claude Trichet said that the bank may increase the interest rates next month because of the inflation…
The Australian dollar struggled to continue its rally versus the US dollar and the Japanese yen as the reports today showed that the number of building permits fell and the exports shrank. The currency also continues its…
Canadian Dollar Weakens After Yesterday’s Advance
March 3, 2011
The Canadian dollar fell today somewhat following the yesterday’s rise on the surging oil prices, declining supplies in the US and the interest rates decision by the Bank of Canada. April delivery for crude oil jumped as much…
The Russian ruble advanced today, rising to the highest level in more than a year against the US dollar, as the government loosened control of the currency and the central bank attempts to deal with the inflation. Nikolay Podguzov,…
Rand Goes Up as Gold Rallies
March 2, 2011
The South African rand jumped today, erasing yesterday’s losses, as gold surged on the concerns about the inflation and the unrest in Libya. The risk appetite waned from markets as the infightings between the forces loyal to Libya’s…