The Canadian dollar gained today after crude oil prices went up and the European policy makers came out with the loan package for the indebted countries of the region, improving the investors’ confidence and making…
Euro Regains Strength on News About Bailout
The euro strengthened today after European Union’s policy makers announced their plans about the rescues package to help the indebted countries in the region. The package is valued as much as $962 billion, a rather…
The Great Britain pound rose today against some of its most trading counterparts as the declining number of jobless claims, the improving consumer confidence and the increasing number of home-loan approvals suggested that the U.K.…
U.S. Dollar Rally Was Halted by Week’s End
The U.S. dollar was steadily rising this week against most other major currencies boosted by the concern about Greece’s fiscal crisis, while the good fundamentals showed that U.S. economy…
The Canadian dollar strengthened today on the speculation that the borrowing costs may be increased by the central bank after the employment significantly increased the last month, though the renewed hopes about the favorable outcome…
The Australian dollar gained against most other major currencies, including its U.S. counterpart and excluding the euro, on the speculation that the Group of Seven nations will take measures to contain the spread of the Greece’s…
Sterling Faces Unfavorable Election Outcome
The Great Britain pound tumbled today as the Parliamentary election hasn’t showed the clear winner, confirming expectations of the hung parliament and spurring fears that the new government won’t be able to deal with…
The U.S. dollar halted its 4-day rally against the euro and fell today on the speculation that the European governments and the central banks will contain the spread of the debt crisis as the Group of Seven nations plans…
The euro extended its slump today for the fourth day as Jean-Claude Trichet, the President of the European Central Bank, announced that the buying of the government bonds wasn’t discussed at the ECB meeting today. The ECB kept…
Swiss Franc at Record High Level Against Euro
The Swiss franc performed the huge leap against the euro today and rose against the U.S. dollar on the speculation that the Swiss National Bank will stop to contain the currency’s appreciation. In the previous month the currency…
The Polish zloty dropped today against the U.S. dollar to the lowest level since July 2009 on the speculation the fiscal crisis in the European Union may lead to slower global economic recovery, eroding appeal…
NZ Dollar Rise with Improving Jobless Rate
The New Zealand dollar strengthened today after the jobless rate improved and Alan Bollard, governor of the Reserve Bank of New Zealand, suggested that the central bank may increase the interest rates as the economy…