The New Zealand dollar advanced today, trading near the record high against the US dollar, as growth of China’s economy made higher-yielding currencies more appealing. China’s gross domestic product rose…
Posts published in July 2011
Pound Falls vs. Euro on Jobless Claims
July 13, 2011
The Great Britain pound dropped against the euro today as the government report showed that the unemployment claims increased in June, instead of decreasing as was predicted by analysts. The currency gained versus the dollar. The number…
Yen Declines as Chinese Economy Grows
July 13, 2011
The Japanese yen erased gains versus the US dollar and fell against the euro today after the Chinese economy grew more than expected in the second quarter of this year. The National Bureau of Statistics…
Euro Recovers on US Trade Balance, Threatened By Ireland
July 13, 2011
The euro rose today against the US dollar after yesterday’s decline as the US trade balance posted bigger deficit than was anticipated and the minutes of the Federal Open Market Committee showed that…
Pound Recovers from Slump on Bad Fundamentals
July 12, 2011
The Great Britain pound currently attempts to recover from the losses caused by today’s macroeconomic reports. Virtually all data today was unfavorable for the sterling as it signaled that the economic recovery is…
South Korean Won Suffers from Europe’s Troubles
July 12, 2011
The South Korean won, together with other Asian currencies, fell today as Italy became yet another country of the European Union threatened to be engulfed by the debt crisis. Standard & Poorâs…
Loonie Declines vs. Greenback, Remains Strong vs. Majors
July 12, 2011
The Canadian dollar weakened versus its US counterpart as the problems in Europe and prospects of slower economic growth in China made the US currency more preferable to the Canadian one. Italy is now yet…
Aussie Heads Down on Europe Woes & China’s Growth
July 11, 2011
The Australian dollar fell today on concerns about the debt situation in the European Union and on the speculation that China will take additional steps to prevent its economy from overheating. Economists predict the report,…
Iraqi Dinar: Main Drivers & Redenomination
July 11, 2011
Iraqi dinar can be an interesting option for traders who look for currencies with great potential for profit. But such potential often comes with higher risk. How investor can…
Ruble Goes Down with Oil Prices
July 11, 2011
The Russian ruble fell today as crude oil, the main source of Russia’s export revenue, declined for the second day on concerns for the recovery of the world economy. August futures for crude oil delivery fell $0.98…