Currency News
Up and Down....and Sideways
The US dollar strengthened against the euro and yen in reaction to ECB interest rate cut announcement. The Ukraine battles to prevent collapse of hryvnia.
Resting in the Corner of the Ring
Financial markets seem to be in a “wait and see” mode as the US dollar weakens against all major global currencies after Fed rate cut announcement. The sterling fell to a record low against the euro.
By Any Means Necessary
The US Federal Reserve cut interest rates to no more than .25% leading to a stock market surge. The dollar slides rapidly on the news.
Economic Malaria
The US dollar has weakened to a 2-month low against the euro. The British pound recovered some loss against the euro.
Dancing the Currency Limbo
There is much discussion concerning the record low sterling has reached against the euro. The uncertainty over the US auto bailout is impacting currency rates in several countries.
Litany of Bad News
The weakening US dollar took centre stage as the auto bailout legislation fails to pass the Senate. Investors indicate some willingness to accept slightly higher risk in currency markets.
In the Mood
US dollar weakens against most of the benchmark currencies. Against the dollar the euro reached a new key level.
Money In a Coffee Can
The US dollar strengthens against all benchmark currencies except for the Japanese yen. Investors buy US Treasury Department bills with zero interest.
Sterling Takes a Pounding
The UK sterling is weakening due to bad news in the industrial output reports. The US dollar has been losing its appeal as a safe haven as investors begin to show renewed confidence in equity markets.
Hungry Again?
Obama's announcements concerning US economic stimulus programs spurred investors' risk appetites. The eastern European countries that hoped to convert to the euro have had to amend their time schedules.
