The Great Britain pound weakened today after the report showed that the UK industrial production expanded in March far less than was predicted. Britain’s industrial production increased by 0.3 percent…
Posts published in May 2011
The Norwegian krone gained today on the forecast that the nation’s central bank will raise its interest rates today to slow the fast credit growth. Most analysts think that Norges Bank…
Employment Decline Sends Australian Dollar Down
May 12, 2011
The Australian dollar slumped today after employment in Australia unexpectedly dropped in April, posting the biggest drop since 2009. The number of employed people in Australia decreased by 22,100 in April from March, following…
The Great Britain pound gained versus the euro today after Britain’s central bank increased its inflation forecast. The currency erased gains against the US dollar and the Japanese yen as the BoE Governor…
Interest Rates Outlook Keeps Rand Down
May 11, 2011
The South African rand moved lower versus the US dollar for a third day today on outlook that the nation’s central bank will keep the interest rates unchanged. The Monetary Policy Committee of the South…
Euro Still Can’t Decide Where to Go
May 11, 2011
Uncertainty about the situation with Greece continues to plague the European Union, causing volatile swings of the euro. The currency erased its yesterday’s rally only to resume its upward movement and then drop…
Canadian Dollar Goes Up Together with Crude
May 11, 2011
The Canadian dollar extended its rally today, rising for fourth day against its US counterpart, as commodities, including crude oil, reversed the downward trend and rallied. Crude oil reached the highest…
No Need for Safety, Swiss Franc Suffers
May 10, 2011
Commodities and global equities recovered today from the last week’s sharp decline, signaling that investors became less interested in safe assets. Such shift of market sentiment harmed the Swiss franc.…
Indonesian Rupiah Gains on Positive Growth Outlook
May 10, 2011
The Indonesian rupiah advanced for the third day today on positive outlook for the biggest economy of Southeast Asia, caused by the inflow of foreign funds. The government report showed last week that Indonesia’s gross domestic…
Japanese Yen Falls as Commodities & Stocks Rally
May 10, 2011
The Japanese yen dropped today after equities gained and commodities pared declines, reducing demand for safe currencies. The Japanese yen gained yesterday on fears of the sovereign-debt crisis in Europe. Today the currency erased…