Posts published in July 2011

The Canadian dollar fell sharply against all of its major counterparts today, following the unexpected negative GDP report. The loonie dropped to its July 19 level against the US dollar, the lowest…

The US dollar fell sharply against some of the major currencies today, following a report that showed that the economic growth in the second quarter of 2011 was worse than expected. The greenback was…

The euro fell against all of its major counterparts today, as the fear of the debt crisis spreading beyond Greece and other troubled countries of the Eurozone. The euro is currently demonstrating a second bearish day…

The Japanese currency attracted FX traders’ funds today, as Greece may face a selective default rating from S&P, while the United States are still likely to face a technical default next…

The Brazilian currency demonstrated a biggest drop against the US dollar this year today, as the government introduced a new tax on FX derivatives investments, and the dollar jumped up against the other major currencies.…

The Australian dollar went up against all other major currencies today, as the consumer inflation reports showed higher values than the traders have expected, hinting more hawkish interest rate…

The South African rand rose to its highest level in more than two weeks against the US dollar today, as the rate difference attracted speculators, while they shunned uncertainty of the States. While…

The Canadian dollar expanded today, reaching a new 3-year maximum level versus the US currency, as the President of the United States warned of a serious “economic crisis”. The loonie (as the CAD is nicknamed) reached its…

The Australian dollar continued its gaining streak today, rising against the other major currencies, as the economic analysts expect rate increases and the global investors avoid US dollar. The Aussie (which is…

The US dollar reached a new all-time low level against the Swiss franc, while staying strong against the other currencies today, as the US authorities failed to agree on the debt ceiling shift. With…