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 interest rates. The Bank of Canada was keeping the interest rates at the same level …
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 the Goldman Sachs will be charged for fraud diminished, reducing the concern for the volatility …
The South Korean won strengthened today on speculation that China will let the yuan appreciate, bolstering the economy in Asia and increasing the inflow of the global funds in the region; also the easing concern about the Goldman Sachs Group Inc. helped the currency by removing the uneasiness in the global markets. The speculation …
The South African rand dropped as the widening investigations about the activities of the Goldman Sachs Group Inc. caused the investors to sell their high-risk assets amid the growing confusion and distrust in the markets. As more and more inquiries are made into the Goldman Sachs‘ activities the investors are becoming …
The Polish zloty declined after the central bank’s intervention to prevent further appreciation, yet the currency remains “too strong” in Deputy Finance Minister’s opinion. The quick appreciating harmed the Polish exporters by making their goods more expensive worldwide and decreasing the value of their sales in the local …
The Canadian dollar continues its decline as the charge for fraud against the Goldman Sachs Group Inc. made the investors to shun the higher yielding assets, causing the prices for some commodities and the stocks to decline. The prices for the crude oil, the nation’s key export, dropped after the Goldman Sachs was …
The Australian dollar’s rise to parity with its U.S. counterpart stalled on the speculation that the central bank may increase the interest rates with the slower pace as China is likely to plan the revaluation of the yuan. Some experts think that the Reserve Bank of Australia has raised …
The Japanese yen jumped unexpectedly against the U.S. dollar, the euro and most other majors by the end of this week as the drowning risk sentiment prompts the investors to look for the safer currency. The greenback has lost its appeal as the safe currency as the U.S. stocks dropped after the Goldman Sachs …
The Australian dollar plummeted against its U.S. counterpart today after the U.S. stocks went down as the demand for the higher-yielding assets fell, driven down as the Goldman Sachs Group Inc. was sued for the fraud. The U.S. Securities and Exchange Commission charged the Goldman Sachs today, saying that …
The Canadian dollar tumbled today against its U.S. counterpart, erasing the previous gains, and versus the euro after the crude oil’s prices fell and as China is going to cool its economy and put an end to the yuan’s dollar peg. Two days ago the Canadian currency reached …