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GBP/USD hits daily high ahead of BoE inflation report

posted by Avatar chuzzle 381 days ago in USD, GBP made popular 381 days ago

Recent weak UK data has highlighted concerns over the uneven nature of the economic recovery, with the economy facing public spending cuts and weak consumer confidence, both of which have kept the BoE from raising interest rates despite above-target ... read more
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The budget pain was not so bad after all: consumer health group

posted by Avatar chuzzle 382 days ago in CHF

For CHF's part, we will continue to work through the detail of the new measures and to advocate for consumer access to necessary medicines through a process that isn't mired by political interference. read more
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Weekly Forex Summary on USD, Euro, GBP, JPY, AUD, CAD and MXN

posted by Avatar chuzzle 383 days ago in USD, EUR, JPY, GBP, CAD, AUD, Commodities, Economic Indicators

Investors anticipate the release of Japan's Leading Economic Index this Wednesday as a gauge to the country's pace of recovery over the short and mid-term. CAD - The CAD begins the week at its lowest levels against the USD in more than a month as ... read more
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Technical Market Commentary

posted by Avatar chuzzle 388 days ago in Economic Indicators made popular 388 days ago

AUD/USD: Australian dollar is currently trading at 1.0708 levels. The commodity currency is under downward pressure as gold continues its decline and Retail Sales m/m data came out weaker at -0.5% vs. 0.8%. The two-year government bond yield declined ... read more
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The World's Next Reserve Currency

posted by Avatar chuzzle 388 days ago in USD, EUR, CAD, AUD, NZD, Economic Indicators made popular 388 days ago

The Indian rupee (INR) really hasn't moved versus the US dollar this year, and if the central bank continues to increase interest rates it could be a good alternative for investors looking for Asian exposure with a decent interest rate. ... read more
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US gas prices rise as big oil profits

posted by Avatar chuzzle 391 days ago in USD made popular 391 days ago

Gasoline prices continue to rise across the US with some gas stations charging over five-dollars a gallon, as oil and gas companies enjoy record profits. A station in Orlando, Florida is charging its costumers USD 5.69 for a gallon of regular gasoline, ... read more
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Canadian dollar slips as markets question New Democrat win

posted by Avatar chuzzle 395 days ago in USD, CAD made popular 395 days ago

The Canadian dollar lost some ground against a broadly weaker US dollar on Wednesday, slightly weighed down by uncertainty over the May 2 election as support for the left-wing New Democrats surged and traders ... read more
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SYP Exchange Rate against USD is Stable

posted by Avatar chuzzle 402 days ago in USD, EUR made popular 402 days ago

... high against the US dollar over the week, soaring to its highest levels within 15 months as the European Central Bank raised the interest rate in the Euro zone coinsiding with a slip in the USD exchange rate against most of the major currencies. ... read more
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Aussie, Kiwi Fall for Second Day on U.S., Europe Debt Concerns

posted by Avatar chuzzle 404 days ago in EUR, NZD made popular 404 days ago

Benchmark interest rates are 4.75 percent in Australia and 2.5 percent in New Zealand, compared with as low as zero in the US and Japan, attracting investors to the South Pacific nations' higher-yielding assets. The risk in such trades is that currency ... read more
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Which currency to buy; USD, EUR or JPY?

posted by Avatar chuzzle 404 days ago in EUR, CHF

In this environment, we can expect the CHF and the AUD to remain in demand and personally I would not be surprised to see the GBP out-performing the big three. The money's got to go somewhere. As to the relationships between EUR/USD/JPY, they should be ... read more
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The Dollar Gains by Default

posted by Avatar chuzzle 404 days ago in CAD made popular 404 days ago

Commodities have helped the CAD to pare some of these losses as oil prices get a boost. Last week, Governor Carney kept rates on hold at +1%. The BoC's MPR showed that policy makers expect to gradually hike interest rates through 2013, while warning ... read more
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Canadian Dollar Declines on China Inflation Concern, Crude Oil Price Drop

posted by Avatar chuzzle 407 days ago in USD, CAD, Commodities made popular 407 days ago

By John Detrixhe and Frederic Tomesco - Fri Apr 15 13:53:11 GMT 2011 Canada's dollar fell against its US counterpart amid concern faster inflation in China may lead the country's central bank to raise interest rates, curbing growth and demand for ... read more