The South African rand erased today’s loses versus the US dollar and continue to rise for the fourth straight session as consumer inflation accelerated. South Africa’s consumer prices grew 4.2 percent in April,…
The Swiss franc weakened today as the economic expectations for the Swiss economy deteriorated, making Switzerland’s “safe” currency look less safe. The ZEW Economic Expectations indicator dropped sharply in May, falling from…
The Canadian dollar gained today as stocks and commodities, including crude oil, rebounded, increasing demand for currencies tied to economic growth. The currency retreated against the euro. The Thomson Reuters/Jefferies CRB Index of 19…
The Japanese yen fell today as commodities and stocks recovered, decreasing demand for the currency as a safe haven, while the nation’s economy continued to weaken. The Thomson Reuters/Jefferies CRB Index of raw materials rose 2.3…
The New Zealand dollar gained today as the nation’s producer prices increased and Asian stocks advanced, improving prospects of the New Zealand economy and the currency. The producer price outputs index rose 1.7 percent,…
The Great Britain pound tumbled today, erasing yesterday’s gains versus the US dollar, after the report showed that the unemployment claims jumped and the minutes of the Bank of England monetary policy meeting indicated…
The Australia dollar gained against the US dollar and the Japanese yen after the minutes of the central bank’s monetary policy meeting suggested that an increase of the interest rates is possible “at some point”. The Minutes…
The Great Britain pound jumped today as the inflation in Britain accelerated more than was anticipated, renewing talks about possible increase of the interest rates by the Bank of England. The consumer prices index grew…
The Chilean peso fell today as the economic data suggested that the US economy is slowing, therefore reducing demand from investors for higher-yielding, but riskier, currencies. The economic report showed that…
The South African rand pared its gains today after the reports showed that inflation grew less than predicted and retail sales decreased. The consumer prices in South Africa grew 4.3…