The US dollar gained against all 16 major currencies today as fear of the European debt crisis caused slump of stocks and drove investors to safe currencies. The Standard & Poorâs 500 Index…
The euro started this week very poor. The currency currently shows weak attempts to regain its footing, but most analysts have a very negative outlook for the euro in the near-term. The reason remains…
The Australian dollar sank against other major currencies today as stocks dropped on growing concerns about the European debt crisis. Standard and Poor’s downgraded outlook for Italy’s debt rating to negative from…
The Great Britain pound gained today versus the euro as Executive Director and Chief Economist of the Bank of England Spencer Dale spoke about necessity to increase the lending rates, despite the problems of the UK economy.…
The US dollar ended week lower against most major currencies as the US economic data was negative for the whole week. The minutes of the Federal Open Market Committee monetary meeting further weakened…
The Swiss franc gained after demand for safe assets was boosted by the downgrade of Greece’s credit rating by Fitch Ratings. Fitch cut Greece’s rating to ‘B+’ and put it on the negative watch. The rating…
The Canadian dollar weakened today against the US dollar and the Japanese yen after the reports showed that the inflation increased less than predicted and the core retail sales unexpectedly dropped. The currency advanced…
The New Zealand dollar strengthened today as the positive outlook for the growth of the nation’s economy increased attractiveness of the currency. New Zealand’s government estimated an operating surplus of NZ$1.3 billion in the year ending June 2015.…
Germany’s Bundesbank said that the growth of the nation’s gross domestic product can lose momentum, signaling that the major European economy isn’t as strong as was considered before and sending the euro tumbling…
The US dollar declined as the signs of the weakening US economy caused speculation that the Federal Reserve will maintain its quantitative easing program, undermining dollar’s strength. The existing home sales decreased…