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 from 59 percent in December 2008. The inflation is expected to reach 5.32 …
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 for stimulus measures. The Bank of Canada reported that the economic growth will expand …
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 last year was higher than previously estimated. After the meeting of the European …
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 to 52,000 in the previous month, from 48,000 in February. The number of Britons willing to make …
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 President will aim at ârisky decisionsâ taken on Wall Street. The White House …
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 of Canada will increase the interest rates faster than the Federal Reserve. The analysts …
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 nation’s debt. The Greeceâs budget shortfall is 12.9 percent of gross domestic …
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 claims decreased in March by 10,000 from the previous month, when it fell …
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 quarterly profit almost doubled, causing its shares to jump as much as 8.3 …
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 that the prospective rise in the terms of trade was now likely to be noticeably …