The U.S. dollar’s advance may be held in check by the Federal Reserve’s decision to continue keeping the interest rates low on signs that the inflation slowdown will continue for some time and the risk of increasing the borrowing costs too soon before the economy fully recovers. The Fed lowered its 2010 and 2011 inflation forecasts, excluding food and energy (their estimations were already below 2009 levels). Yet the Fed officials are still … “Fed Keeps Interest Rates Low, Will It Harm Dollar?”
Author: admin_mm
Canadian Dollar Reaches Parity with U.S. Currency
The Canadian dollar reached parity with the greenback and traded at a higher level compared to its U.S. counterpart today for the first time since July 2008 amid soaring prices for the crude oil, the main nation’s export, on outlook for higher interest rates and because of rising prices for some commodities. The Canadian currency, commonly referred to as the loonie, benefited from the increasing price for the crude oil, which reached the highest level since October 2008 today … “Canadian Dollar Reaches Parity with U.S. Currency”
Euro Harmed by Rumors About Failing Rescue Plan for Greece
The euro continues to decline against the U.S. dollar, the Japanese yen and other major currencies as the speculation that Greece may reconsider its agreement to the rescue plan, involving European Union and International Monetary Fund support in easing its debt, sparked doubts in a strength of the E.U. economy and its currency. The Greek officials received the information about the conditions on which the aid from the IMF will be offered and considered them to be too harsh, … “Euro Harmed by Rumors About Failing Rescue Plan for Greece”
Pound Falls on Results of Survey
The U.K. pound declines after the poll showed that the forthcoming election in Great Britain may end without a party holding a parliamentary majority and being strong enough to resolve the budget deficit, because of that the concern arose that the economic recovery in the U.K. may slow and the British economy may lag behind U.S.’s. Previously the U.K. currency has gained as the survey showed that the Conservative party led over the Labor party by 10 … “Pound Falls on Results of Survey”
Parity Party for the Loonie
USD/CAD made it to parity. Riding on the dollar’s weakness and rising oil prices, the Canadian dollar matches the US dollar for the first time in 20 months. Where will it go next? The Canadian dollar equals one American one, and even more. USD/CAD dropped under 1.00 for the first time since July 2008 – … “Parity Party for the Loonie”
Will Aussie Reach Parity with Greenback?
The Australian dollar extended its gains against its U.S. counterpart for a second day on speculation that the central bank will continue its increase of the interest rates with the improvement of the domestic economy. The Reserve Bank increased the interest rate to 4.25 percent today amid the signs of the improving economy, bolstering the Australian dollar’s strength. The Aussie, as the Australian currency is commonly nicknamed, is closing to parity with the greenback as prices for commodities rise, … “Will Aussie Reach Parity with Greenback?”
EUR/USD – 3 Reasons Why This Fall Will Be Strong
EUR/USD is below 1.34 once again, erasing the neat recovery made after the Greek accord. Here is why I think this move will be sharper and why the pair will drop lower. EUR/USD began a dip on thin Easter Day trading on worries about the Greek austerity plan. These worries became stronger. The Greek crisis … “EUR/USD – 3 Reasons Why This Fall Will Be Strong”
AUD/USD Advances on Fifth Rate Hike
There were many doubts about this move. When it did happen, the Australian dollar reacted with a leap. The Aussie is now better positioned towards the next big release this week and could go over the top. Update on this strong currency. After last week’s disappointing Australian figures, there were doubts about this move. It … “AUD/USD Advances on Fifth Rate Hike”
Euro Tumbles Together with Greece Budget
The euro fell against such currencies as the Japanese yen, the Canadian dollar and the U.K. pound today as the rescue plan for Greece, devised by the European Union week ago, so far has failed to decrease the borrowing costs for Greece, the country with the biggest debt in Europe. The confidence in the ability of the E.U. to resolve the Greek crisis steadily falls, despite what officials say about the progress of the deficit-cutting plan and promises to lower the Greek budget deficit to 8.7 … “Euro Tumbles Together with Greece Budget”
Loonie Goes Up as Economy Recovers
The Canadian dollar has resumed its rally to parity with its U.S. counterpart, which was temporally halted on April 2nd, as the global economic rebound is spurring commodities (like the nation’ main export — the crude oil), stocks and some currencies, which are tied to growth. The Canada’s currency, which is commonly referred to as the loonie, was helped with its race to parity with the greenback by the crude oil, which was … “Loonie Goes Up as Economy Recovers”