Currency Converter
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Euro Falls to Eight Month Low Against US Dollar
The euro fell to an eight month low against the dollar in view of continuing debt problems in region’s member nations. The G-7 members agreed that economic stimulus plans must continue despite burgeoning budget deficits in order to prevent a double dip recession. The US dollar was stable against the Japanese yen. Mexico’s peso fell against the US dollar as investors lose appetite for emerging market currencies.
US Dollar Strengthens On Mixed Economic News
The US dollar rose against the euro and yen as the US unemployment rate falls. The yen strengthened against the euro as the European Commission deals with growing debt problems in several member nations. The Swiss franc fell against the euro after Swiss intervention in the currency market. The Canadian dollar strengthened against the US dollar. Asian currencies generally fell against the US dollar. China concentrates on domestic consumption and will prevent further yuan appreciation.
New Zealand Dollar Weakens On Unemployment Increase
The US dollar strengthened against the euro as the US economy continues to improve. The New Zealand dollar fell against the US dollar as the nation’s unemployment rate rises. There remains weakness in the euro as member nations struggle with massive budget deficits and debt. The Canadian dollar weakened against the US dollar. Latin American currencies reported mixed news against the US dollar. The Norwegian krone weakened against the euro.
Asian Currencies Strengthen as Global Recovery Continues
Asian currencies generally strengthened as foreign investors are attracted to emerging markets in a resumption of risk taking. The US dollar rises as the economic numbers show a strengthening recovery. The yen weakened against the US dollar and the euro. Greece has submitted a 3-year budget deficit reduction to the European Union which is expected to be approved.
UK Pound Falls Against Euro and US Dollar
The UK pound fell against the euro and the US dollar as the recovery pace creeps along. The South African rand strengthened against the US dollar. The South African rand rose against the US dollar as commodity prices increase. The Canadian dollar rose against the US dollar as oil and commodity prices climbed. The Australian dollar weakened to 88.21 US cents as the Reserve Bank of Australia keeps interest rates the same. Poland is on track to join the EU in the year 2014.
US Dollar Reaches 7-Month High Against Euro
The US dollar rose to a 7-month high against the euro over the weekend. The euro weakened across the board against global currencies as the EU deals with growing member nation debt problems. The UK pound rose against the euro amid signs of a strengthening housing market. The Canadian dollar and Brazilian real weakened against the US dollar as commodity prices declined. The Swiss central bank appears to have intervened in the currency market by selling francs.
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