Greece struggles to escape downward spiral

Tuesday, 10 May 2011 12:25

Headlines has been covered with ‘Greece’ this past week as news of ridding the Euro and downgrade have been surfacing. In yesterday’s announcements Standard and Poor downgraded Greece from BB- to B while Moody’s is threatening to also downgrade the country in the near future.

USD hoping for a rise

Monday, 2 May 2011 04:53

The world’s least well-performing currency is looking out to be the USD, for the past three months. Hitting 3-year lows and struggling against the by the day; rebound seems far from real this year for America. The Euro hit 16-month high thanks to the weak dollar, and JPY has had it’s shiny moments.

Dollar’s poor times

Thursday, 28 April 2011 02:51

The USD weakens against most major currencies making the currency look weak against its rivals. The Japanese currency is recovering against the Dollar after a few ‘bombs’ in Japan from the S&P announcement. The Euro peaked to a 16-month high price against the Dollar at 1.4881 and the Aussie Dollar also gained a fair amount against the U.S Dollar, reaching 1.0947 from 1.0865. Aussie is continuing to look hawkish.

Aussie going strong

Wednesday, 20 April 2011 12:07

Australia hits a new 29-year against the U.S Dollar trading in the forex market at 1.0599. Aussie rose from a low of 1.0442 to spike another high price of almost 3 decades, the previous high was 1.0577.

Australian export prices hopped 5.2% in the first quarter.

Finnish elections might cause Euro to ‘panic’

Monday, 18 April 2011 11:38

Finnish elections were completed over the weekend. Three types of parties were in action, as follows: The True Finns (anti-euro) placed third collecting 19% of the votes. The ones critical of the Portuguese aid package but yet supportive of the euro (Social Democrats) assembled 19.1% and the National Coalition Party with 20.4%. As previously mentioned Finland is a one of a kind on Europe as the only country with the Parliament that votes on EU inquiries for bailout funds. Finland could vote and veto against the aid package for Portugal, which could delay provisioning in funds and ‘panic’ the EUR.