- 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: October 11, 2011
October 112011
Retail Sale in Brazil Drops, Drag Real Along
The Brazilian real dropped today as the report showed the retail sales in Brazil decreased and the problems in Europe made the higher yielding currencies, including the real, less attractive. The retail sales declined 0.4 percent in August, following the revised rise by 1.2 percent in July. The median forecast promised a drop by just 0.1 percent. The falling sales reinforced the case for Brazil’s central bank to cut the borrowing costs. Bank’s President Alexandre Tombini said that […]
Read more
October 112011
Slovakia Rejected Reviewed Rescue Fund, Euro in Danger
The euro began to lose today’s gains as Slovakia turned out to be only nations from 17 countries of the European Union to reject the redesigned aid fund, threatening the efforts to rescue the region from the debt crisis. Smer, the largest opposition party, is expected to support the changes to the European Financial Stability Facility in the second vote. The party didn’t back up the decision in today’s vote. Finance Minister Ivan Miklos said it’s likely […]
Read more
October 112011
CAD Goes Lower as Fears for Europe Intensifies
The Canadian dollar retreated today as the worries about the crisis in the European Union overshadowed the positive data from Canada’s hosing market. The seasonally adjusted annual rate of housing starts climbed to 205,900 in September from 191,900 in August, according to Canada Mortgage and Housing Corporation. The median forecast was 187,000. The outlook for the economy of the US, the biggest Canada’s trading partner, remained subdued. The IBD/TIPP Economic Optimism Index rose to 40.3 in October from 39.9 […]
Read more
October 112011
Fears About Europe Again Hit Forex Again, Rand Feels Impact
The South African rand dropped today as the concerns about the sovereign-debt crisis in Europe reminded about itself by dissipating risk appetite among Forex traders. The unwillingness to risk was felt by higher-yielding currencies such as the rand. European Central Bank President Jean-Claude Trichet said the crisis reached a “systemic dimension” and threaten Europe’s financial system. The rand reversed losses as the European Union and the International Monetary Fund hinted that Greece may receive […]
Read more
October 112011
Euro Lower as Slovakia Presents Last EFSF Roadblock
Euro is struggling today as risk aversion sets in, and as concerns about Slovakia‘s approval of the EFSF come to light. Slovakia is the last eurozone country to vote on expanding the bailout fund meant to contain the sovereign debt crisis. One of the ruling parties in the Slovak government has said that it will abstain from voting on the EFSF expansion deal, and that means that the Slovak government will have to scramble to find support […]
Read more
October 112011
Soft Data in UK Could Mean Slide for Pound
Once again, the UK economy is in focus as the latest data release offers disappointment. Manufacturing production in August fell 0.3 percent, and analysts are once again returning to the fact that the British economy saw quarter two growth at just 0.1 percent. It’s really no surprise that, given the extremely slow nature of the economic recovery in Britain, the MPC announced another round of quantitative easing. QE in Britain is meant […]
Read more