This week was rather frustrating for the U.S. currency, which dropped versus most other major currencies, as the confidence about the U.S. economic growth was damaged by the signs of the economic recovery’s weakness.…
Canadian Dollar Goes Up as Oil Prices Rise
The risk appetite improved, boosting the equities, today and the Canadian dollar benefited from this, though the rising oil prices perhaps contributed to the loonie’s strength even more. The Dow Jones Industrial Average…
Britain’s Pound Reached Highest Level Since May 13
The Great Britain pound reached today its highest level against the U.S. dollar since May 13th, before falling, as the number of mortgage approvals was higher than forecasted. The Bank of England…
Demand for Safety Increases Appeal of Yen
The Japanese yen strengthened today amid the concerns that the austerity measures, planned by the European countries in order to battle the sovereign-debt crisis, might derail the global economic recovery. The troubles in Europe continue influence…
Dollarâs Strength Subdued by Bad Macroeconomic Data
The U.S. dollar went down today after the set of the macroeconomic reports was released, which showed some rather unwelcome data, signaling that the U.S. economy expand at slower pace. The unemployment…
U.K. Retail Sales Beat Forecast, Pound Rises
The Great Britain pound strengthened today against the U.S. dollar and some other most-traded currencies after the retail sales rose more than expected, suggesting that Britain’s economic recovery is…
Malaysian Ringgit Falls on European Debt Concerns
The Malaysian ringgit weakened today as the threat of the spreading sovereign-debt crisis in Europe drove the investors to the safety of the U.S. dollar away from the Asian currencies. The Asia Dollar Index slid 0.2 percent and the MSCI…
Swiss Franc Gains as SNB Thinks Risk of Deflation Gone
The Swiss franc gained today, rising for a fourth day against the U.S. dollar, as the central bank think that the threat of the deflation has gone. The Swiss National Bank previously was attempting to rein…
Canadian Dollar Rises on Better Risk Sentiment
The Canadian dollar strengthened today, extending its rally against the U.S. dollar for a third day, as the equities rebounded, improving the risk sentiment and increasing the appeal of the currencies tied to growth. The loonie’s moves are…
Japanese Yen Benefits from Uncertainty on Markets
The Japanese yen strengthened today against most other major currencies, including the U.S. dollar and the euro, as the concerns about the outcome of the European sovereign-debt crisis and the struggling U.S. economic recovery. The rumors about…
The euro headed down today amid the speculation that the European Union and the International Monetary Fund prepared the bailout for Spain, fueling the concerns that the European sovereign-debt crisis threatens to contaminate European countries.…
Rising Oil Prices Pushed Russian Ruble Higher
The Russian ruble gained today, reaching the highest level in more than a week against the U.S. dollar, after the prices for crude oil, the main source of the nation’s export revenue, rose. July delivery…