US dollar is moving higher today, gaining now, even as it lost some ground earlier. It’s true that US dollar has been somewhat flat today against…
US Dollar Turns Higher
May 1, 2012
Posts published in May 2012
Pound Drops on Manufacturing PMI, Rebounds
May 1, 2012
The Great Britain pound edged down today after a report showed that nation’s manufacturing almost stalled in April. The currency rebounded later and trades near its opening level now. The Markit/CIPS…
Euro Finds Support from Political Efforts
May 1, 2012
Euro is finding some support today, and the financial markets are finding a little bit of risk appetite, as eurozone politics take center stage. The unlikely support comes as Irish officials try…
The Australian dollar dipped today as the Reserve Bank of Australia cut its key cash rate more than analysts anticipated. The decrease of the rate was expected and perhaps priced in, but the scope…
NZ Dollar Down as Trade Surplus Shrinks
May 1, 2012
The New Zealand dollar fell yesterday and extended its decline today. New Zealand’s traded surplus unexpectedly shrank in March, adding to the negative market sentiment that sent the nation’s currency down.…