The euro went down before the end of the summit in Brussels today. The European Union leaders discussed the bailout for Greece and traders are uncertain about the possible decision. The European finance ministers will decide…
The Great Britain pound dropped today for the second day as the retail sales retreated to the lowest level this year, supporting the outlook that the Bank of England maintain stimulus. The CBIâs Distributive Trades Survey…
The South African rand fell today for the second day as commodities weakened after the Federal Reserve slashed its US growth forecast. The Standard & Poorâs GSCI Index of raw materials fell…
The Canadian dollar fluctuated after the dovish statement of the Federal Reserve and the speech of Mark Carney, Bank of Canada Governor. The speech of the Governor left mixed feelings, while the Fed statement was moderately negative…
The US dollar gained today versus the euro as the impact of the situation in Greece outweighed the dovish statement of the Federal Open Market Committee. The FOMC kept the main Federal Funds Rate near zero and said…
The euro dropped today even after Greece’s Prime Minister George Papandreou won the confidence vote as traders think that he’ll struggle to implement austerity measures. Jeremy Stretch, the executive director…
The Great Britain pound dropped today as the minutes of the Bank of England monetary policy meeting showed that most of the policy makers voted to keep lending rates unchanged and suggested that further easing…
The New Zealand dollar fluctuated today after it rose yesterday as the nation’s current account deficit shrank more that was predicted by economists. The New Zealand current account deficit (seasonally…
The euro gained today as stocks and commodities rallied on the speculation that Greek Prime Minister George Papandreou will win a confidence vote in the parliament. Papandreou needs parliamentary approval of budget and asset sales…
The Israeli New Sheqel rose today as the difference between Israel’s and the US interest rates attracted investors to the currency. The Bank of Israel raise the key interest rate four times this, boosting the rate…