The Australian dollar erased losses versus the US counterpart today as the government report showed that the value of new capital expenditures made by private businesses increased in the first quarter of this year. The seasonally…
Posts published in May 2011
The euro advanced today on the speculation that Asian countries will buy European bonds despite the debt crisis that still threatens stability of Europe’s economy. According to Financial Times, Klaus Regling,…
Swiss Franc Jumps to Record vs. Euro
May 25, 2011
The Swiss franc climbed the record against the euro and advanced versus all other most-traded currencies as the sovereign-debt issues in Europe continue to drive investors to safety. Juergen Stark, a Member of the Executive Board of the European…
Aussie Drops with Completed Construction Work
May 25, 2011
The Australian dollar fell today on concerns about the impact of Europe’s debt crisis on the global economy and after the report showed that completed construction work grew less than predicted. The preliminary report…
Pound Gains as Exports Support GDP Growth
May 25, 2011
The Great Britain pound strengthened today after the report showed that increasing exports helped to sustain the growth of the UK economy, increasing attractiveness of Britain’s currency to investors. Britain’s gross domestic product…
Swiss Franc Gains as China’s PMI, Europe’s Debt
May 25, 2011
The Swiss franc climbed today as the report showed that China’s PMI fell and Europe’s debt problems continue undermine confidence in the global economic recovery. According to the report of the Hongkong and Shanghai Banking Corporation,…
Euro Rebounds on German Business Climate
May 24, 2011
The euro pared yesterday’s losses today after the report showed that the German business climate remained stable this month, giving hopes that the European Central Bank will increase the interest…
The South African rand gained today, ending the two-day drop versus the US dollar, after commodities recovered and on speculation that policy makers will take measures to deal with the European debt…
The South Korean won recovered today from the previous drop to the lowest level in seven weeks as exporters took chance to turn their profits into the nation’s currency. The Ministry of Knowledge Economy reported…
The New Zealand dollar advanced today, erasing the yesterday’s losses versus its US counterpart, as commodities and stocks recovered after the decline on the yesterday’s trading session. The Standard & Poorâs 500 Index…