The U.S. dollar gained today, benefiting from the rising demand for the safer currencies after the meeting of the European Union’s minister to discuss measures, required to fight the budget deficits, and as China plans to let its currency float. The speculation that Greece may be forced to use its …
The Great Britain’s pound rally against the U.S. dollar halted and its gains versus the euro snapped today as the concern that the forthcoming parliamentary election will result in the stalemate renewed with the greater strength after campaign’s first televised debates. As the election is drawing near the concern …
The Chinese yuan rose against the euro today on the speculation that the nation’s expanding economy will encourage the policy makers to allow the appreciation of the China’s currency. The economic expansion was helped mainly by the stimulus programs and even the 29 percent jump of the exports in the first quarter doesn’t seems …
The Canadian dollar trades near parity with its U.S. counterpart as traders shored up bets before the meeting of the nationâs central bank to determine the interest rates, occurring next week. The relatively fast pace of the economic recovery in Canada gave birth to the speculation that the faster …
The widening growth of the Chinese economy helps to boost other Asian country’s economies and exports, and the appreciating South Korean won is one of the signs of this trend. The funds are streaming into the country, as the investors have the bullish outlook for the Korea’s performance. The experts think that the Korean …
The euro went down today as the concern grows that the rescue package, provided by the European Union to Greece and valued as much as 45 billions euro ($61 billion), wouldn’t be enough to completely deal with the country’s debt. The worries about the strength of the Greece’s economy grow anew …
The Australian dollar advanced today, supported by the unexpectedly high growth of the U.S. retail sales, which spurred speculation about the rising demand for the higher-yielding assets. The U.S. retail sales jumped 1.6 percent the last month. As the demand for the higher-yielding assets goes up, the speculative investors are …
The Swiss franc fell versus the euro on the speculation that the central bank was performing the selling of the currency to prevent its excessive appreciation because of the slowing economic recovery. Earlier Jean-Pierre Danthine, the Governing Board member of the Swiss National Bank, stated that policy makers are …
The Singapore dollar experienced the unexpected surge as the government revaluated the currency after the forecast about the widening economy and the increasing inflation. This decision reflects the broader trend for the Asian countries to shift their attention and resources from the economic stimulation to the containment of the inflation as the prices for the commodities rise. The decision …
The Japanese yen dropped to the lowest level in the week against the euro on the speculation that the continuing economic rebound will spur demand for the higher-yielding assets. The Japanese currency also fell after the statement of Masaaki Shirakawa, the Governor of the Bank of Japan, that the possibility of the double-dip recession became lower. …