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Swiss National Bank Acts To Protect Currency
David Sumner | 08:05 | 07/09/11 - The Swiss currency dropped the most ever in exchange rate history versus the Euro following announcements by the country’s central bank indicating they would impose a cap on the currency value. Strategists such as Simon Derrick, of the Bank of ...
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German Ruling Party Defeated
David Sumner | 09:00 | 06/09/11 - The Euro currency fell as risk aversion carried through the beginning of the week. The shared currency weakened against the U.S. Dollar following the results of the German federal elections. Chancellor Angela Merkel’s party was defeated. Analysts believe the electoral ...
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U.S. Dollar Extends Gains
David Sumner | 09:05 | 05/09/11 - The U.S. Dollar extended gains versus the 17-nation currency after it had advanced on worries that the Euro-zone’s debt crisis may be worsening. The greenback also climbed against the Australian and New Zealand currencies. Meanwhile, the Canadian Dollar declined from its ...
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U.S. Employment Remains Stagnant
David Sumner | 10:05 | 04/09/11 - Friday’s Labor Department reports revealed that U.S. Payrolls remained stagnant in August, as indicated by the weakest print since September 2010. This brought on investor speculation that the Federal Reserve may implement measures to boost economic growth; such measures may ...
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Dollar Gains On Economic Data
David Sumner | 08:15 | 01/09/11 - The U.S Dollar made gains as the release of positive economic metrics dampened the likelihood that the Federal Reserve will implement measures to boost the economy. The Swiss Franc strengthened versus all of its peers as the country’s national bank refrained ...
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Decline In European And U.S. Confidence
David Sumner | 07:49 | 31/08/11 - Yesterday’s economic releases revealed that European confidence dipped the most since 2008 as the ongoing debt crisis dampened the prospect for growth. Analysts believe the Euro-zone is dangerously close to a recession given that demand from Asia is diminishing, and ...
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Markets Return To Risk As Havens Drop
David Sumner | 07:55 | 30/08/11 - While stocks and commodities rose on speculation that the world will avoid falling into another recession, risk appetite returned to the markets. This in turn caused refuge currencies like the U.S. Dollar, the Swiss Franc and the Yen to depreciate. ...
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Bernanke Extends Two-Day Meeting
David Sumner | 08:00 | 29/08/11 - The U.S. Dollar fell on Friday following the Federal Reserve Chairman’s speech in Jackson Hole, Wyoming, during which he indicated that the economy was not as weak as analysts described it. The American exchange currency fell as risk appetite returned ...
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US Dollar Dips After Fed Chairman speech
David Sumner | 08:15 | 28/08/11 - The U.S. Dollar climbed temporarily after Chairman of the Federal Reserve, Ben Bernanke, stated that “the economy is not weak enough” to necessitate another round of stimulus. He also went on to say that the central bank still has a number ...
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Speculation Prompts Dollar To Increase
David Sumner | 07:55 | 25/08/11 - The U.S. Dollar rose against most of its peers while investors were speculating on what the Federal Reserve Chairman, Ben Bernanke, will announce this Friday. The Fed is expected to meet in Jackson Hole, Wyoming to discuss the economy. Treasuries ...