Japanese exports were the catalysts for a drop in the Yen’s value. The currency traded lower to 82.44 and is trading at 82.43 against the greenback. With the American markets closed yesterday, ...
Australia continues to contend with floods that have now moved southward. As they overload the country’s rivers the waters ravage through new towns bringing further havoc. They’ve ...
European finance ministers gathered for a two-day summit in order to evaluate the debt crisis and decide whether to expand the rescue package. It’s quite possible that the 440 Billion Euro ...
The New Zealand Dollar slid to 0.7634 versus the U.S. Dollar after China’s announcement to augment the reserve requirements by 0.50 percent; However, weak U.S. data brought the value of the Kiwi...
The Aussie currency opened yesterday in the morning at 0.9894 U.S. Dollars as Queensland’s floods continue to be the focus. Economists revealed that insurance losses may reach as high as $6 ...
British policy makers met last week and agreed to maintain the interest rates as well as the stimulus package unchanged. Threats of increase in unemployment and inflation are dampening the ...
The Euro reached $1.3457 against the U.S. Dollar, the highest price in one month. This came about after ECB’s President Jean Claude Trichet spoke about increasing interest rates to avert the ...
The great results of the much anticipated Portuguese auction eased tensions over Europe’s debt crisis. This pushedCommodity prices up for a third day. However, the sentiment in Australia ...
Figures released yesterday showed that the U.K.’s trade deficit for the month of November increased to 8.74 Billion Pounds. This was mainly due to a surge in exports which advanced 4.1%, ...
The Euro rallied against the U.S. Dollar as Portugal sold 599 million Euros of bonds due to expire in 2020. Spain is set to auction 3 billion Euros while Italy will sell off 6 billion. Meanwhile, the ...