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Day: September 30, 2011
September 302011
Canadian Dollar Falters as Global Economic Concerns Grow
The Canadian dollar is struggling against the US dollar in Forex trading today. Indeed, the loonie is one of several currencies dropping against the dollar as Forex traders look for safe haven in these difficult and disappointing times. With Chinese growth slowing, and the European sovereign debt crisis still in full effect, Forex traders are starting to get nervous about what’s next. This nervousness is leading to gains for the US dollar, […]
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September 302011
New Zealand Dollar Falls on S&P and Fitch Downgrades
The New Zealand dollar fell today, reaching the lowest level vs. the US currency in almost 6 months, following the sovereign credit rating downgrades performed by Standard & Poor’s and Fitch Ratings agencies. The kiwi (as the currency is often nicknamed by the market participants) lost also to the euro, the Japanese yen and the Australian dollar, staying almost unchanged against the the Great Britain pound. Standard & Poor’s and Fitch Ratings both downgraded the country’s […]
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September 302011
EUR/USD Goes Down on US Statistics and Global Pessimism
The dollar rose significantly against the euro today, as the poor macroeconomic statistics from the United States and the global risk-averting mood caused investors to seek safety in USD. Both rising business and consumer confidence in the United States failed to support the currency pair. Personal income and spending report disappointed the investors today. The income fell by 0.1% in August, following +0.1% July change; the forecast was at 0.1% growth for it. The spending rose by 0.2%, as expected, […]
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