The Great Britain pound went down today to the lowest level in six months versus the euro as the inflation grew less than forecast and the jobless claims rose, but recovered as unemployment rate unexpectedly…
Posts published in April 2011
Loonie Falls as BOC Keeps Main Rate Unchanged
The Canadian dollar slid after Canada’s central bank left its key interest rate unchanged and on concerns that strong currency may harm the nation’s economic growth. Currently the currency rose…
US Dollar Weakens as Trade Deficit Remains Above Forecasts
The US dollar slipped today versus the euro and the yen after the report showed that the US traded balance deficit shrank less than was predicted by analysts. Forecasts were also too…
Swedish Krona Fell as Inflation Pressure Recedes
The Swedish krone declined today as the inflation pressure weakened, reducing need for the central bank to increase the interest rates. Statistics Sweden reported today that the annual inflation adjusted for mortgage costs was…
Swiss Franc Gains on Japan’s Woes
The Swiss franc strengthened today, rising for the fifth straight day against the US currency, after Japan was hit by another earthquake and on the speculation that the damage nuclear plant will release more…
Canadian Dollar Weakens Before BOC Meeting
The Canadian dollar fell today before the meeting of the Bank of Canada policy makers as the central bank is expected to keep the interest rates unchanged and after commodities retreated. The BoC will keep its…
Euro Falls as Higher Rates Can Cripple Weaker Economies
The euro slipped today on the speculation that the interest rates hike, performed by the European Central Bank last week, may hurt the most indebted nations of the European Union. The ECB raise its main…
Australian Dollar Falls on Profit-Taking
The Australian dollar fell today, after it almost reached the previous record high earlier, on the speculation that traders will sell the currency to profit from the unprecedented rally. The strength of the Australian currency…
Yen Rises After Another Earthquake in Japan
The Japanese yen gained today as another earthquake in Japan turned investors away from higher-yielding assets and made them seek safety. Carl Forcheski, a director on the corporate currency sales desk at Societe…
Euro Spurred by ECB Rates Hike This Week
The euro fluctuated this week, behaving differently against different currencies, but by the end of the week the currency surged as the European Central Bank increased its main interest rate. Still, the shared European…