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Day: September 10, 2009
September 102009
Pound Climbs on Bank of England Strategic Changes
The pound reached the highest level in almost a month versus the U.S. dollar and gained versus the euro after Bank of England statements regarding its strategy to stimulate the faltering British economy revived investors’ confidence in the United Kingdom’s currency. After the Bank of England officials’ declarations indicating that the asset-purchasing program will not be extended further, as it has been previously, the confidence towards the U.K.’s currency improved, as interest rates in the country […]
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September 102009
Australian Dollar Slides on Job Figures
As unemployment surged in the South Pacific nation of Australia, speculations that interest rates will be hiked before the end of the year decreased, making the Aussie to post its first decline this week versus most of the main traded currencies. Today a report in Australia indicated job losses that came at almost a double rate than what forecasts expected, influencing the South Pacific currency further down after negative reports yesterday […]
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