The Great Britain pound weakened today after Fitch Ratings stated that “UK fiscal challenge is formidable”, spurring the demand for the safety among the investors. According to Fitch Britain requires more…
The Canadian dollar gained today after the report last week showed the better than expected growth of the nation’s employment, increasing the appeal of the currency as the safe haven. The employment rose by 24,700 in May from…
The Brazilian real went down today as the fears of the spreading European crisis deter the investors from the riskier currencies. The worries about the fiscal crisis surged after the Hungarian Prime Minister said that…
The Mexican peso fell today on the concerns that the global recovery may slow, fueled by the lower than expected payrolls in the U.S. and the sovereign-debt crisis in Europe. The analysts expected that nonfarm payroll employment…
This week showed the mixed set of results for the Canadian dollar as the currency dropped against its U.S. counterpart, managed to strengthen against the euro and remained at approximately same level against the Japanese yen.…
The euro extended its decline today against the U.S. dollar and the Japanese yen, plunging below $1.20 for the first time since March 2006, as the signs that the European fiscal crisis is widening…
The Canadian dollar weakened today against the U.S. dollar and the Japanese yen despite the good economic data as the worries about the debt problems in Europe overshadowed the favorable fundamentals. The announcement of the government spokesman Peter…
The U.S. dollar weakened today against the Japanese yen, erasing its yesterday’s gains, after the nonfarm payrolls showed the lower number of new employees hired than was expected, causing the concern…
The Swiss franc gained today versus the euro, reaching the record high level, on the signs that the nation’s economy expanding, while the European Union’s economy suffers from the sovereign-debt crisis. The fundamentals and the EU…
The euro weakened today as the debt crisis undermines the economy of the European Union, while the U.S. economy shows the signs of the accelerating recovery, lessening the impact of the European woes on the global markets. The good news emerged…