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US Dollar Strengthens Due to Unemployment News
June US unemployment figures are higher than anticipated leading to a strengthening of the US dollar against most global currencies. Sweden cuts its interest rate in a surprise move. The Swiss franc fell as the central bank makes it clear it will intervene if necessary to prevent franc appreciation.
Currency Markets Moving on Economic Indicators
The Japanese yen fell as investors seek profits in higher yielding assets. The Israel shekel strengthened on signs the country’s economy will recover from the recession quickly. The Brazil real rose after reports indicated the country had a June trade surplus.
Yen Falls as Recession Continues to Ease
The Japanese yen fell against most major global currencies as the recession continues to ease. The IMF is holding its first bond sale to raise funds other than through contributions. The Polish zloty strengthens against the euro on the news the government obtained a World Bank loan.
Mixed Currency Results Reflect Mixed Economic News
Investors turned to higher yielding assets leading to a fall in the yen. The US dollar weakened against the euro. The Swiss franc continued to fall against the euro and US dollar.
Euro Strengthens as Consumer Confidence Rises
Japan's industrial production rose for the third month in a row. The US dollar weakened against the yen. The euro is poised to strengthen this week against the US dollar as consumer confidence rises.
