The problems of Europe still plague markets and the unfavorable reports showed that the US manufacturing weakened. The resulting shift of markets to risk aversion mode was negative to the Canadian dollar. The New York Manufacturing…
The Swiss National Bank left its main interest rates unchanged today and predicted that the inflation will grow. The Swiss franc jumped, reaching the new all-time high versus the euro. The SNB…
The Great Britain dropped today after the report showed that the decline of retail sales in the UK last month was biggest that anticipated by analysts. The retail sales slid 1.4 percent in May…
The Swiss franc rallied against the euro as people in Greece are protesting against the austerity measures and Greece’s Prime Minister George Papandreou may resign. The currency slipped versus the US dollar and the Japanese…
The Great Britain pound tumbled today as the government reports showed that the number of unemployment claims unexpectedly increased and the wage growth slowed. The number of people seeking unemployment benefits rose to 19,600 in May…
The euro slumped today, erasing this week’s gains against the US dollar, on concerns that the European Union leaders won’t be able to reach agreement about measures necessary to battle the debt…
The Great Britain pound weakened today as the reports showed that the core inflation slowed and the retail price index remained unchanged last month. The consumer price index remained at 4.5 percent in May…
The US dollar fell today against higher-yielding currencies, but rose against riskier ones, as the macroeconomic data improved outlook for growth of the US economy. The US data combined with the reports from…
The Australian dollar gained today after the government reports showed that China’s economic growth accelerated and stocks jumped, increasing appeal of higher-yielding currencies. The MSCI Asia Pacific Index of shares rose…
The Japanese yen together with other safe currencies, including the US dollar and the Swiss franc, weakened against most major currencies today as the robust growth of China’s economy reduced investors’ demand…