The euro rose today after it reached the highest level in a month against the US dollar as the European Central Bank plans to take actions to help Greece avoid default. ECB President Jean-Claude…
The Australian dollar advanced today on the speculation that the poor performance of the US economy will boost carry trades, increasing attractiveness of the currency. Carry trade involves borrowing in countries with low interest…
The Indonesian rupiah strengthened today as concerns about the European debt crisis eased, increasing appeal of riskier currencies. Bank Indonesia will meet on June 9 to discuss its key interest rate.…
The euro posted gains against other majors this week as concerns about the European sovereign-debt issues, particularly the situation in Greece, eased, increasing appeal of the shared European currency. The main drive for the euro…
The Canadian dollar dropped today as crude oil declined after the report showed that the US employers added far less jobs than was anticipated by analysts and traders. Crude oil, the main…
The euro jumped to the highest level in four weeks against the US dollar as Greece will receive more aid and as the US non-farm payrolls were simply terrible. The European Union finance ministers agreed…
The Great Britain pound fell today against almost all most-traded currencies after the report showed that Britain’s service industries expanded slower than was anticipated by markets. The Markit/CIPS Business…
The Malaysian ringgit headed to a weekly gain against the US dollar today as the worsening economy of America shifted attention of investors from the greenback to higher-yielding currencies. The dollar weakened after Moody’s Investors Service…
The Canadian dollar was weaker today against most major currencies as the poor performance of the US economy had its negative impact on attractiveness of Canada’s currency to investors. The US economy is looking…
The US dollar fell for another session against major currencies as the nation’s economy continues to show signs of weakening and after Moody’s Investor Service said that it may cut the US credit…