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Day: April 16, 2012
April 162012
US Dollar Heads Higher on Spanish Concerns
Once again, the US dollar index is heading higher, gaining as concerns about what’s happening in the eurozone take precedence over much else. Greenback is also getting help from the fact that the US economy seems ready to recover better than the eurozone economy right now. US dollar is higher against European currencies today, gaining against the euro and the pound. The economic situation in the United States is […]
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April 162012
China Gives Yuan a Little More Room to Float
For years, other countries have been asking China to let the yuan, also called then renminbi, to float more freely on the currency market. It appears that China is doing that now, with an announcement that the yuan will be allowed to float more freely against the US dollar. China announced that it will allow the yuan to float a little more freely against the US dollar, allowing the currency […]
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April 162012
EUR/USD Sent Soaring by Improved Retail Sales in States
The euro entered a minor rally against the U.S. dollar today, following the release on the improving retail sales in the United States. The currency pair rallied through the negative NY manufacturing index and TIC sales report but stalled later. EUR/USD is still influenced by the uncertainty heated by the ambiguous reports coming out of the world’s biggest economy. Advance monthly retail sales report showed an increase of 0.8% in March compared to a gain of 1% (revised […]
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