- 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: August 10, 2011
August 102011
Canadian Dollar Receives Hit from US
Canada’s dollar plunged today as demand for the nation’s assets deteriorated because of pessimistic outlook for the economy of the biggest nation’s trading partner â the US. The depressed mood caused fall of equities and decline of commodities. The MSCI World Index of stocks slumped 1.9 percent, while the Standard & Poorâs 500 Index fell as much as 2.1 percent. There are positive sing, though, that may precede a change of the trend. The S&P/TSX Composite Index […]
Read more
August 102011
Yen Advances, Japan Worried — New Intervention is Coming?
The Japanese yen advanced today, heading to the highs against the dollar last seen during the post-World War II period, and made the Japanese government even more nervous about the currency’s strength. Investors seek safer assets after North American and European stocks fell. The Standard & Poorâs 500 Index slid 2.6 percent today and the Stoxx Europe 600 dropped 0.9 percent. The Swiss franc could be the place for investors […]
Read more
August 102011
Consumer Sentiment Curbs Appeal of Aussie
The Australian dollar resumed its movement down after the yesterday’s gains as consumer sentiment declined this month, reducing attractiveness of the nation’s currency. The Westpac-Melbourne Institute Consumer Sentiment index fell 3.5 percent in August from July. This declined followed the drop by 8.3 percent in July. The Aussie (the nickname of the Australian currency) also weakened as the pledge of the Federal Reserve to keep interest rates stable hasn’t reduced pessimism among Forex traders. […]
Read more
August 102011
EUR/USD Weakens, Strives Higher as US Budget Deficit Grows
EUR/USD dropped today as markets remain in risk aversion mode and concerns about Europe’s future persist. The currency pair attempted to rally after the report showed that the US budget deficit widened last month, even though it was below expected value. It’s hard to say at present how sustainable this rally is. Wholesale inventories were up 0.6% in June from May. That’s compared to the forecast value […]
Read more
August 102011
SNB Moves In, Franc Moves Back
The Swiss franc retreated today from the yesterday’s records against the dollar and the euro as the Swiss National Bank expanded measures aimed to tame the excessive appreciation of the currency. The SNB repeated that a strong currency is a “threat” to the nation’s economy. As a result, the bank decided to increase pressure on the franc: In the light of these developments, the Swiss National Bank (SNB) is taking additional measures against the strength of the Swiss franc. It will again significantly increase […]
Read more