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Day: February 15, 2012
February 152012
Disagreement Among Greece & EU Hurts Canadian Dollar
The Canadian dollar erased its earlier gains fell today against the US dollar and the Japanese yen as politician of Greece and other European countries argue about the bailout for the Hellenic Republic. The currency maintained its gains versus the euro. Greek Finance Minister Evangelos Venizelos said that wealthier eurozone members are “playing with fire” and accused them of attempting to expel Greece from the European Union. Other members of the EU blamed […]
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February 152012
Aussie Gets Boost from People’s Bank of China
Australian dollar got a boost in earlier trading as the governor of the People’s Bank of China reassured Europe — and the world — that China is still committed to investing in the euro as an asset. The news provided a little bit of risk appetite in the midst of uncertainty. Aussie is also receiving help from the Reserve Bank of Australia, which continues to show caution about cutting interest rates. Worries about the eurozone are cropping up again […]
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February 152012
US Dollar Mixed this Morning
US dollar is mixed this morning on the Forex market as traders look for direction, and all of the latest news and information is processed. From China to Europe to Zynga, there is plenty to talk about today, and the US dollar is very mixed as a result. Overnight, China provided some bracing words for Europe, encouraging leaders of the eurozone. Zhou Xiaochuan, the governor of the People’s Bank of China, expressed confidence in the eurozone and said that China […]
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February 152012
Retail Sales Boost NZ Dollar
The New Zealand dollar gained today after a government report showed that nation’s retail sales grew more than expected. The general good sentiment on the Forex market also helped the currency. New Zealand retail sales grew 2.2 percent in the fourth quarter of 2011, following the advance by 2.4 percent in the previous three months. Analysts predicted slower growth by 1.2 percent. Speculation that China is going to help Europe […]
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February 152012
Euro Rises as China Talks About Helping Europe
The euro advanced today as China signaled that it may help the European Union in battling the debt crisis and Germany’s economy shrank less than was forecast. Zhou Xiaochuan, Peopleâs Bank of China Governor, said that China, as well as other emerging economies, may help Europe in resolving its problems. Zhou mentioned three possible sources of help: the central bank, China Investment Corp., the nationâs sovereign wealth fund, […]
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February 152012
EUR/USD Falls as Greece Argue with EU on Bailout
EUR/USD declined today, following the advance in the beginning of the trading session, as European and Greek politicians are still bickering about the planned bailout for Greece. Greeks blame other European countries of having desire to throw the country out of the European Union, while other EU members blame Greece for not fulfilling its promises. The decline of the currency pair was more a result of the euro weakness rather than strength of the dollar as data from the United […]
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February 152012
Norway Krone Gains, Central Bank Ready for Intervention?
The Norway krone fell today as Norway’s central bank and government were concerned about an impact of the strong currency on the nation’s economy. The currency has reached the eight-year record in September, prompting the Norges Bank to announce that it’s ready to step in and weaken the krone. Such statement, as well as the interest rate cut in December, managed to make the currency depreciate. Since then, though, the krone returned part of its strength and again threatens the Norway economy. […]
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