The South African rand rose to its highest level in more than two weeks against the US dollar today, as the rate difference attracted speculators, while they shunned uncertainty of the States. While President Obama continues to press the Congress for the debt ceiling compromise, there’s no end seen to these prolonged debates. Next Tuesday can become one of the worst days in dollar’s history if nothing changes until that. As the global […]
Read moreThe Canadian dollar expanded today, reaching a new 3-year maximum level versus the US currency, as the President of the United States warned of a serious “economic crisis”. The loonie (as the CAD is nicknamed) reached its new record level against the US dollar today — the highest since November 2007. While there aren’t many supporting news for the Canadian dollar (except for persistently high levels of oil price), the loonie wins as an alternative to the greenback, which […]
Read moreThe euro gained against the US dollar before the macroeconomic reports of today were released in the United States. Its gain can be connected to the US public debt ceiling debates. Following today’s fundamental releases, the dollar managed to regain some of the losses. EUR/USD is currently trading near 1.4468. S&P Case Shiller home price index for the US top 20 cities fell from 141.02 to 140.95 in May — down 4.49% […]
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