Dollar staying steady;
Last Updated on Tuesday, 14 June 2011 02:57 Written by Elena Rajkovic Tuesday, 14 June 2011 02:57
Earlier in the day, the British currency was rising higher against the Dollar; reaching 1.6426 while anticipating U.K Consumer Price Index. Meanwhile the news was expected to be released the pair rose even more to 1.6440, only to fall to 1.64 after the release and currently trade much lower at 1.6396.
Lower Jobless Rate for Canada
Last Updated on Friday, 10 June 2011 03:08 Written by Elena Rajkovic Friday, 10 June 2011 03:08
Canada gained a total of 22,300 jobs in May, even a little better than expectations at 21,800. Unemployment Rate went from 7.6% in April, down to 7.4% in May.
Euro losing strength against Dollar
Last Updated on Friday, 10 June 2011 12:35 Written by Elena Rajkovic Friday, 10 June 2011 12:35
The European currency saw a great loss after yesterday’s ECB interview with Trichet. Throughout the day, the 17-nation currency was trading high at 1.4650 against the Greenback.
U.K Manufacturing Production
Last Updated on Friday, 10 June 2011 12:37 Written by Elena Rajkovic Friday, 10 June 2011 12:32
After United Kingdom’s Manufacturing Production and PPI Input releases, GBP/USD went from trading at 1.6240 to 1.6210, but this didn’t last long as Sterling recovered and jumped to trade at it’s currenct point of 1.6290.
Trichet announces rates at 1.25%; Euro tumbles down
Last Updated on Thursday, 9 June 2011 04:01 Written by Elena Rajkovic Thursday, 9 June 2011 04:01
European Central Bank President, Trichet, announced that rates were to be kept at 1.25%. This was widely expected by the markets.





