The Australian dollar advanced today versus the euro and the Japanese yen after the report showed retail sales grew in July more than predicted. Australian retail sales rose 0.5 percent in July, while growth by 0.3 percent was predicted. Retail sales fell 0.1 percent in June. The MSCI Asia Pacific Index gained 0.7 percent and the Standard & Poorâs 500 Index advanced 0.5 percent. EUR/AUD slipped from … “Australian Retails Sales Go Up, Aussie Follows”
Month: September 2011
Franc Rallies as SNB Doesn’t Intervene
The Swiss franc gained today for the second day, snapping yesterday its three-day downfall versus the US dollar and the euro, as the Swiss National Bank hasn’t announced new measures to curb franc’s strength. Previously, the Swiss currency was dragged down by the speculation the central bank would peg the franc to performance of the euro. Market participants expected the SNB would release some information about euro-peg or, perhaps, other steps for draining strength … “Franc Rallies as SNB Doesn’t Intervene”
Forex Crunch Key Metrics August 2011
August is usually a month of vacation for many people and a slowdown in the markets. This August was quite crazy, and this is reflected in the site stats. The beginning of the month saw a new daily record, around the credit rating downgrade of the US. Things eased towards the end of the month. … “Forex Crunch Key Metrics August 2011”