In early Asian deals on Monday, the euro extended its Friday’s decline against most major currencies amid persistent worries about debt problems in Europe and rising tensions on the Korean Peninsula. The euro dropped to a 13-day low against the yen, 18-day low against the US dollar and a new record low against the aussie.
The dollar held its ground against other major currencies n Tuesday, after the Federal Reserve held steady on interest rates but made a small acknowledgment that the economy is improving. The Fed’s announcement followed a slew of economic data released this morning, including a positive report on retail sector during the start of the holiday
The Swiss franc rallied in early trading on Tuesday following the Swiss government lifted its economic growth forecast for the next year as it expects the marked revival in domestic consumption and construction investment to soften a sharp slowdown in exports. In its quarterly economic trends and forecasts, the State Secretariat for Economic Affairs, or
The Australian dollar edged sharply higher on Thursday morning in Asia after a government report showed that the nation’s unemployment rate declined in November by 0.2 percent to 5.2 percent. The decline in the unemployment rate matched the forecasts of most economists. The Australian Bureau of Statistics also reported that the number of employed Australians
In early Asian deals on Wednesday, the U.S. dollar rose to multi-day highs against most major currencies on speculation the extension of tax cuts and unemployment benefits will help sustain the fragile US recovery. Asian stocks are trading mixed today. While the stock markets in Australia, China, Hong Kong and South Korea are trading lower,
