The Canadian dollar reached parity with the greenback and traded at a higher level compared to its U.S. counterpart today for the first time since July 2008 amid soaring prices for the crude oil, the main nation’s export, on outlook for higher interest rates and because of rising prices for some …
The euro continues to decline against the U.S. dollar, the Japanese yen and other major currencies as the speculation that Greece may reconsider its agreement to the rescue plan, involving European Union and International Monetary Fund support in easing its debt, sparked doubts in a strength of the E.U. economy …
The U.K. pound declines after the poll showed that the forthcoming election in Great Britain may end without a party holding a parliamentary majority and being strong enough to resolve the budget deficit, because of that the concern arose that the economic recovery in the U.K. may slow and the British …
The Australian dollar extended its gains against its U.S. counterpart for a second day on speculation that the central bank will continue its increase of the interest rates with the improvement of the domestic economy. The Reserve Bank increased the interest rate to 4.25 percent today amid the signs …
The euro fell against such currencies as the Japanese yen, the Canadian dollar and the U.K. pound today as the rescue plan for Greece, devised by the European Union week ago, so far has failed to decrease the borrowing costs for Greece, the country with the biggest debt in Europe. The confidence in the ability …
The Canadian dollar has resumed its rally to parity with its U.S. counterpart, which was temporally halted on April 2nd, as the global economic rebound is spurring commodities (like the nation’ main export — the crude oil), stocks and some currencies, which are tied …
The U.S. dollar gained versus most of its major counterparts and rose to the highest level since August 2009 against the Japanese yen as the improving situation in the labor market boosts the confidence in the economic recovery of the U.S. and helps the U.S. manufacturing to expand, further bolstering the U.S. economy. The Labor …
The Russian ruble rose against the U.S. dollar today as the crude oil’s price reached its record high in 17 months on the signs that the rising pace of the global economic recovery may spur the demand for the fuel. The oil, being the main nation’s export, has the great impact …
The Japanese yen rose slightly against the euro and the U.K. pound today as the exports, boosted by the demand from the emerging markets, showed a significant increase, causing the economy to recover with the greater-than-expected pace, though the U.S. dollar managed to outperform the Japanese currency with the aid of the increasing production …
The Swiss franc experienced a decline against the euro because of the intervention by the Swiss National Bank, as the central bank was selling the currency after it reached the record high level. One of the SNB Governing Board members said that the policy makers will stop a further excessive …