The euro weakened today, after it previously jumped to the highest level in more than a month, as the concerns resurfaced that some European banks may experience significant losses because of the global economic crisis and on the worries for Ireland’s economy. John Gormley, the leader of the Irish Green Party, said today that the nation’s sovereign-bond spreads may increase in case Ireland would consider renegotiating with the bondholders of Anglo Irish Bank Corp. Ireland […]
Read moreThe Swiss franc fell to the lowest level in a month versus the euro today after the global equities rallied, erasing the demand for the safer currencies, and Switzerland’s central bank signaled about the slowdown of the nation’s economic growth. The MSCI World Index rose 0.5 percent, the fourth day of gains this week. The Swiss National Bank left yesterday the benchmark interest rate unchanged at 0.25 percent and said that recovery “is not yet sustainable”. […]
Read moreThe Japanese yen weakened today, falling to the lowest level in more than in a month against the euro, on the forecasts that the reports today would show the producer prices increased in Germany and the consumer confidence improved in the US, decreasing the demand for the safe haven. The analysts predict that the producer prices in Germany grew 0.3 percent in August, following the July increase of 0.5 percent. The Reuters/University of Michigan Consumer Sentiment expected to rise from 68.9 to 70.2 this […]
Read moreEUR/USD currency pair moves up and down today as economic data from the US was mixed. Consumer price index grew more than predicted but preliminary report about the Reuters/University of Michigan Consumer Sentiment posted an unexpected decline. EUR/USD trades currently near 1.3060. CPI indicator increased 0.3% in August on a seasonally adjusted basis. The growth was the same as in July, while somewhat smaller increased was predicted â […]
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