- December 21, 2020 Do we get tax benefits on Personal Loan?
- December 18, 2020 The solicitors Preston depends on for stress-free compensation claims
- December 16, 2020 eToro: History and Key Features
- December 11, 2020 Canadian Dollar Pauses 2020 Rally Against US Peer Amid Falling Crude Prices
- December 11, 2020 Pound Crashes Against Dollar As No-Deal Brexit Appears Imminent
- December 11, 2020 USD/JPY 104.57 High Starting a New Bearish Leg?
Day: January 25, 2011
January 252011
Aussie Weakens vs. Greenback on Slower CPI Growth
The Australian dollar slipped today against its US counterpart after the report showed that the inflation rose with slower pare than was predicted. The Australian Consumer Prices Index rose only 0.4 percent in December, while it was expected to grow at the 0.7 percent rate as in November. The slower pace of the prices’ growth reinforces worries about the impact of the natural disaster on the economy of Australia. AUD/USD dropped from 0.9973 to 0.9897 […]
Read more
January 252011
Declining UK GDP Hurts British Pound
The Great Britain pound slumped today after the report showed that Britain’s GDP unexpectedly shrank, causing doubts about the nation’s ability to deal with the budget deficit. The UK gross domestic product decreased by 0.5 percent in the fourth quarter of 2010, compared with the increase of 0.7 percent in the previous quarter. The forecasts promised an increase by the same 0.5 rate. The report explained the decrease mainly by bad weather. GBP/USD tumbled from 1.5986 […]
Read more
January 252011
EUR/USD Rises on Falling House Prices & Slower Manufacturing
EUR/USD rose today despite the concern about the peripheral economies of the European Union. Decreasing home prices and slower manufacturing growth also contributed to the dollar weakness. Interestingly, consumer confidence in the US improved in spite of unfavorable economic data. EUR/USD trades now near 1.3670 after it dropped earlier to 1.3573 S&P/Case-Shiller Home Price index (seasonally-adjusted) declined from 143.48 to 142.70 in November. The index declined 1.6% on year-over-year basis, compared […]
Read more
January 252011
Loonie Falls with Crude Oil Prices, Regains Strength vs. Greenback
The Canadian dollar weakened on the signs of increasing supplies of crude oil, the main export of Canada, yet the currency managed to rebound versus its US counterpart as the stocks rallied. The Canadian dollar slipped after Ali al-Naimi, the Saudi Arabian Minister of Petroleum and Mineral Resources, said that the Organization of the Petroleum Exporting Countries will be able to meet the growing demand and signaled that Saudi Arabia isn’t interested in increasing oil prices. The possibility […]
Read more