The Great Britain pound slipped today on the speculation that the attempts to deal with the budget deficit may be hindered by the slow growth of the U.K. economy, which expanding with slower pace than…
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Euro Rises on Prospect for Greece to Receive Aid Soon
The euro gained today against most other major currencies on the speculation that Greece may accept to perform the budget cuts, which were requested by the European Union from Greece for the nation to receive…
Swiss Franc’s Appreciation Contained by Central Bank
The Swiss franc dropped slightly against the euro today before returning to its opening price as Philipp Hildebrand, the Chairman of the central bank, said that the further rise of the franc will be contained…
Rising Stocks & Oil Prices Drive Loonie Up
The Canadian dollar rose against its U.S. counterpart for a second day and gained versus other major currencies today after the crude oil prices and the stocks advanced, signaling about the widening economic…
Confidence in Sterling’s Strength Improves
The Great Britain pound gained today on the speculation that the nation’s budget deficit will be dealt with even in case the election would produce the government without the majority in the Parliament. The confidence in the Britain’s…
Increasing Rates Push Brazilian Real Up
The Brazilian real advanced today against the U.S. dollar, supporting the bullish outlook for the currency, which was prompted by the increasing interest rates. Henrique Meirelles, the president of the Brazil’s central bank, increased the benchmark…
Confidence in European Economy Increases, Helping Euro
The euro rose today on the signs of the increasing confidence in the Euro-zone economy, supported by the outlook for the fast-paced economic recovery, despite the threat of the budget deficit spreading beyond Greece that plagues Europe. The European companies…
Dollar Supported by Fed’s Decision to Keep Rates Low
The U.S. dollar rose today against the Japanese yen, erasing its yesterday losses, and against the Great Britain pound after the Federal Reserve confirmed its intention to keep the interest rates near…
Canadian Dollar Goes Up on Rising Stocks
The Canadian dollar advanced today against its U.S. counterpart and some other major currencies after the U.S. stocks rose more than estimated and as the investors demand for the currencies of the nations with the strong…
Euro Rebounds on Expectation of Forthcoming Aid for Greece
The euro rebounded today from its lowest level in a year, which it reached yesterday, on the reviving hopes that Greece will receive the joint EU-IMF rescue package soon as Germany may…