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…
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…
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…
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…
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…
The Canadian dollar retreated against its U.S. counterpart after reaching its highest level since June 2008 today, but remains near the parity level, supported by the speculation that the Bank…
The euro continues its decline on concern that the rescue package, provided to Greece by the European Union government and which is valued as much as 45 billion euro, won’t be enough to deal with…
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…
The U.S. dollar dropped today after the demand for the currency as the safe haven was diminished today by the rising equities, boosted by the higher than expected company earnings. The Apple Inc. reported that its…
The Australian dollar gained today after the Reserve Bank of Australia announced its plans to raise the interest rates, partially because of concern that the inflation will be spurred by the mining boom. âThe fact…
The Canadian dollar suddenly jumped today, reaching the parity with its U.S. counterpart, as the signs of the expanding nation’s economic growth and the widening inflation may encourage the central bank’s policy makers to raise…
The Japanese yen’s strength was cut as the demand for the safer currencies dwindled with the decreasing instability in the markets on the speculation that the global economic recovery will widen with a greater pace. The possibility that…