The Great Britain pound dropped today as the signs of the UK economic slowdown led to the speculation that the nation’s central bank will be forced to maintain stimulus. The UK current account posted the deficit…
Posts published in June 2011
Canadian Dollar Rebounds vs. Greenback on Stocks & Oil
June 28, 2011
The Canadian dollar gained versus the US dollar today, after reaching yesterday the lowest level in more than three months, as crude oil slowed its decline and stock advanced. Futures for delivery…
Shrinking Trade Surplus Makes Kiwi Weaker
June 27, 2011
The New Zealand dollar fell against most its major peers today after the government report showed that the nation’s trade surplus shrank to almost half of its previous size. The New…
US Dollar Rallies Ahead of Vote in Greek Parliament
June 27, 2011
The US dollar gained against most of its major counterparts as the concerns about the outcome of Greece’s vote for the bailout. The hopes for Greece among some investors allowed the euro to bounce after the decline. The European…
Pound Regains Strength After Week of Losses
June 27, 2011
The Great Britain pound rose today against most major currencies, following the significant drop last week, on the speculation that the decline was overdone and the state of the UK economy isn’t bad enough…
Week of Worries â Week of Gains for Franc
June 25, 2011
The Swiss franc gained almost every day against other currencies this week, resulting in an impressive weekly gain for the safe currency. Last week the franc was loser even as market participants…
US Dollar Rises vs. Euro on Greece, Falls vs. Yen on GDP
June 24, 2011
The US dollar gained today against the euro as Greece’s problems still undermine the shared European currency. The greenback weakened against the Japanese yen as the US economic growth slowed in the first quarter of this…
UK Economic Outlook Causes Weakness of Pound
June 24, 2011
The Great Britain pound went lower today as the outlook for the UK economy suggests that the nation’s central bank will stick to accommodative policy. The Bank of England minutes suggested that the prospects for Britain’s…
Thai Baht Weak Ahead of Elections
June 24, 2011
The Thai baht fell today on the concerns about the coming elections and on the negative influence of the economic situation in the European Union. Market participants are afraid that the election on July 3 will increase the political…
Canadian Dollar Flat After Decline, Gains vs. US Dollar
June 24, 2011
The Canadian dollar traded sideways after it fell yesterday as crude oil declined on the Federal Reserve cut its US growth forecast. The currency attempted to rally against the US dollar. Crude…