- 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: June 3, 2011
June 32011
UK Services Slow Growth, Pound Weakens
The Great Britain pound fell today against almost all most-traded currencies after the report showed that Britain’s service industries expanded slower than was anticipated by markets. The Markit/CIPS Business Activity Index was at 53.8 in May, showing that business activity increased for the fifth straight month. The index was below the market expectations of 54.4 and the April value of 54.3. The pound currently slowly regains its strength, but still […]
Read more
June 32011
Malaysian Ringgit Heads for Weekly Gains vs. Dollar
The Malaysian ringgit headed to a weekly gain against the US dollar today as the worsening economy of America shifted attention of investors from the greenback to higher-yielding currencies. The dollar weakened after Moody’s Investors Service said that it has put the US Aaa credit rating under review for downgrade. This announcement followed the statement of Standard & Poor’s in April that the US may lose its top credit rating unless the nation […]
Read more
June 32011
EUR/USD Surges on Terrible US Nonfarm Payrolls
EUR/USD soared today as Greece will receive new bailout and the US economy provided another evidence of its weakness. The report about service industries was good, but impact of the disastrous nonfarm payrolls can easily overshadow any good signs from the US. EUR/USD trades now at about 1.4632. Nonfarm payrolls changed very little by 54k in May. The reading was nowhere near the predicted 161k and was definitely below […]
Read more
June 32011
Canadian Dollar Takes Beating, US Economy is Blamed
The Canadian dollar was weaker today against most major currencies as the poor performance of the US economy had its negative impact on attractiveness of Canada’s currency to investors. The US economy is looking really bad nowadays, especially considering how good it looked not so long ago. On of the biggest problems in the economy is the high level of unemployment. The non-farm payrolls are expected to show a solid growth by 194,000, but it’s […]
Read more
June 32011
Dollar Declines Further on Economy, Possible Moody’s Downgrade
The US dollar fell for another session against major currencies as the nation’s economy continues to show signs of weakening and after Moody’s Investor Service said that it may cut the US credit rating. The number of unemployment claims in the US rose from 428,000 to 422,000 last week. The median forecast was 416,000. The factory orders fell 1.2 percent in April, compared to the market expectations of the 0.7 percent decline. The orders grew 3.8 […]
Read more