The European Central Bank decided to keep its main interest rate unchanged, sending the euro down and frustrating euro bulls. Still, many euro supporters remained unfazed by this decision and hope…
Posts published in May 2011
The Swiss franc against most major currencies as stocks and commodities declined and on speculation that the central bank will raise the interest rates. The Standard & Poorâs 500 Index dropped 0.7 percent,…
The Australian dollar fell today, posting the fourth day of losses against its US counterpart, after the report showed an unexpected drop of the Australian retail sales. Australian retail sales fell 0.5…
Employment Data from New Zealand Boosts Kiwi
May 4, 2011
The New Zealand dollar climbed today, reducing its previous losses, after the report demonstrated positive tendencies in the employment of Canada’s citizens. Canadian employers added 30,000 jobs in the first quarter of this…
The Canadian dollar tumbled today as the decline of commodities and global stocks diminished appeal of currencies linked to economic growth, yet the Canadian currency may rebound if the employment reports this week would…
The euro advanced versus 14 of 16 most traded currencies, including the US dollar, today as euro bulls hope that the European Central Bank will increase its interest rates tomorrow.…
Lower UK House Prices Make Pound Weaker
May 4, 2011
The Great Britain pound slipped today after the report showed that the house prices in Britain unexpectedly decreased in April, confirming the weakness of the UK economy. The report by Nationwide showed today that the house…
Canada’s ruling party won majority in the Parliament, increasing confidence in the ability of Canada’s economy to sustain its growth, but that didn’t helped the Canadian dollar as the decline of global stocks outweighed the positive…
The Swiss franc profited from the decline of equities and commodities and gained against all other major currencies, bolstered by demand from Forex market participants for a safe haven. The Standard & Poorâs 500…
The Australian dollar fell today after Australia’s central bank kept its main interest rate unchanged and as commodities retreated, reducing appeal of currencies tied to growth. The Reuters/Jefferies CRB Index of raw…