Posts published in “News”

Signs of Economic Recovery in U.S. Support Dollar

The U.S. dollar rose today, leaving its Canadian counterpart below the parity level, after the government reported about the March increase in the sales of the new houses and the orders for the manufactured durable goods. The sales…

Read More

Euro Rebounds vs. Dollar, but Is This for Long?

The euro rebounded against the U.S. dollar after Greece announced that it’s going to activate the rescue package, provided by the European Union and the International Monetary Fund, to deal with the nation’s budget shortage and pay…

Read More

Will Brazilian Real Decline Even More?

The Brazilian real declined today and may drop 8 percent by the end of the year as the unnecessary excessive government spending increased the inflation. The government spending increased to 63 percent of gross domestic product in February…

Read More

Loonie Resumed its Rise Against U.S. Dollar

The Canadian dollar resumed today the rise against its U.S. counterpart, after it dropped yesterday, on speculation that the central bank will increase the interest rates, signaling about the waning need…

Read More

Fear of Budget Shortage Strangles Euro

The euro sank today to almost the lowest level in a year against the U.S. dollar as the possibility that Greece will be forced to activate the rescue package increased after the announcement that the Greece’s deficit…

Read More

Pound Rises vs. Euro with Increase of Mortgage Approvals

The Great Britain pound advanced against the euro today after the Bank of England reported about the higher than expected increase of the mortgage approvals in the previous month. The number of loans for the  house purchases rose…

Read More

Yen Advances Against Euro on Higher Risk Aversion Sentiment

The Japanese yen gained today as the demand for the Japanese currency as the safe haven increased, boosted by the speculation that the U.S. President will implement the new financial industry regulations. According to Barak Obama‘s spokesman…

Read More

Decreasing Jobless Claims May Boost Pound

The Great Britain pound advanced today against the other major currencies and may continue its rise further as the report showed that the number of the jobless benefits claimed is dwindling. The number of the unemployment…

Read More