The Canadian dollar dropped today against its U.S. counterpart to the lowest level in more than a month as the commodities and the global equities were affected by the concern about the European debt crisis. The doubts that…
Posts published in “News”
Euro Drops to Lowest Level Since April 2009
May 4, 2010
The euro plummeted today to the lowest level in a year against the U.S. dollar and dropped against other most trading currencies on the concern that the bailout for Greece won’t resolve the nation’s budget problems and the crisis…
The Australian dollar dropped against other most traded counterparts as the average borrowing costs suggest that the central bank may slow the pace of the interest rates increase. The benchmark rate was increased…
The South African rand fell today against the U.S. dollar on the outlook for the unfavorable jobless rate to remain without much improvement and as the commodity prices declined, causing the analysts to bet that the currency will…
Dollar Rises as U.S. Economy Improves
May 3, 2010
The U.S. dollar rose today as the reports about the increasing personal income, consumer spending and manufacturing signaled about the widening U.S. economic recovery; the greenback was also supported by the speculation that the Goldman…
The Canadian dollar advanced today as the crude oil prices surged to the highest level since September 2008, U.S. stocks gained and gold climbed to the highest level since November 2009. The Canadian currency…
Concern About Greece’s Bailout Hurts Euro
May 3, 2010
The euro dropped today as the doubts arouse that Greece won’t receive the â¬110 billion aid package, which are supposed to be provided by the European Union governments and the International Monetary Fund. The EU…
High Risk Appetite Boosts New Zealand Dollar
May 3, 2010
The New Zealand dollar rose today against other most-traded counterparts as the outlook for Greece to receive the rescue package valued as much as €110 billion ($146 billion) improved the investors’ risk sentiment and attracted…
The Great Britain pound experienced some volatile moves this week and by the weekend the currency declined against most other majors as the Parliamentary election draws near without signs of clear winner and as the households…
Loonie Goes Down on Falling Equities
May 1, 2010
The Canadian dollar declined against its U.S. counterpart and other major currencies after the equities dropped on the speculation that the federal prosecutors investigating whether to file the criminal fraud charge against the Goldman…