The Japanese yen gained today against most other majors as the demand for the safer currencies increased amid rising concerns that the aid, offered by the European Union government, wouldn’t be able to resolve the Greece’s budget deficit crisis. The uncertainty about the Greece’s situation has worsened …
The Great Britain pound dropped today amid the concern that the forthcoming Parliamentary election, which will occur next week, will result in the government without the substantial support and strength to deal with the budget deficit. The sterling is now led by the opinion polls and they don’t …
The Canadian dollar trades near parity with its U.S. counterpart as the traders await the outcome of the 45 billion euro aid package, provided by the European Union and the International Monetary Fund to Greece. With the clarity about the bailout the global equity markets will be spurred, boosting …
The U.S. dollar rose today on the outlook that the greenback may become more attractive as the profits from the carry trades declines because of decreasing differences in the interest rates of various central banks. The profits from the carry trades are waning as the higher-yielding currencies appreciate and the low-yielding ones …
The Mexican peso advanced today on the outlook that the demand for the higher-yielding assets will increase after the talks about the aid package for Greece will be concluded. According to the words of the Greek Finance Minister the talks about the bailout package, provided by the European Union and the International Monetary Fund …
The Great Britain pound gained today, paring its previous losses, after the report about the rising house prices increased the confidence that the economic recovery in the U.K. is strengthening. These news have brought necessary refreshment to support the sterling’s performance after the concerns about …
The Canadian dollar rose against its U.S. counterpart by the end of this week, erasing the previous losses, after Jim Flaherty, the Canada’s Minister of Finance, said about the possible $8 billion capital inflow into Canada after it was designated by China as the country where the China’s …
The Great Britain pound declined versus the euro after the report that the U.K. economy’s growth was lower by half compared to the pace of the expansion forecasted by the experts in the first three months of this year. The gross domestic product in the U.K. rose 0.2 percent in the first quarter of 2010, …
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 of the new single-family houses jumped 26.9 percent to 411,000 in March 2010 from …
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 its debts. The yield on the Greek 10-year bonds dropped 0.8 percentage point …