The U.S. dollar is approaching parity with its Canadian counterpart and is declining against the Japanese yen as the currency is sapped of its strength after the trade balance deficit has increased more than predicted, reducing the appeal of the greenback to the investors. The import demand increased, …
The Chinese yuan may gradually rise as the China’s government is likely to let the nation’s currency to appreciate in order to fight the inflation, but the sharp increase because of the foreign pressure isn’t expected. The 17 percent jump of import prices in March from the previous year caused the first …
The Polish zloty’s appreciation may be restrained as the new head of the central bank will likely to continue the previous governor’s policy of curbing the gains in the nation’s currency. The skyrocketing zloty’s appreciation has hurt the country’s exporters, demanding the intervention from the central bank. The bank’s governor died …
The Brazilian real may go up as the central bank is going to increase the interest rates in an attempt to help the economy by attracting the foreign investors, which are seeking the higher yields. The central bank are expected to rise the benchmark by a half of the percentage point, at least, to 9.25 percent …
The Canadian dollar pared its previous losses and resumed its rally to parity with its U.S. counterpart today after the business survey, performed by the Bank of Canada, signaled that the nation’s economy rebounds with the increasingly faster pace. The survey, conducted by the Bank of Canada, showed …
The Great Britain pound’s strength was curbed by the speculation that that the U.K. will be the next target for the concerns about the major budget deficit as the worries about the Greek budget are retreating because the Greece’s crisis appears to be resolved. The rescue package, issued by the European …
The Australian dollar sank versus its U.S. counterpart, erasing the previous gains and dropping from the highest level since November 2009, after the government report suggested that the conditions on the housing market may be worsening. The amount of the loans for housebuilding and buying declined more than …
The value of the Japanese currency may drop as low as 100 yen per U.S. dollar or even more on the speculation that the unexpectedly high pace of the U.S. economic recovery may encourage the Federal Reserve to increase the interest rates faster than the Bank of Japan. The increasing gap between …
The euro halted its downfall this week, which was caused by the concern about the Greece’s ability to deal with its budget deficit, amid the optimism caused by the announcement about the possible European Union government and the International Monetary Fund intervention to rescue Greece, but this …
The Brazilian real strengthened against the U.S. dollar today as the rising commodity prices make better prospect for the exports and because the growing global supplies allows the traders to take more risk while seeking for better deals. The real’s strengths are also supported by the optimistic outlook for the foreign …