The Australian currency edged higher against other major opponents during Thursday’s European session. The aussie thus rose to more than a 2-month high against the dollar and a 2-day high against the Canadian dollar. Against the euro, the aussie is now trading at a high of 1.4485, compared to Asian session’s low of 1.4618. The
The euro came under modest pressure on Wednesday ahead of the highly-anticipated results of the European Union’s stress tests on major banks. After a trio of successful bond offerings in Ireland, Greece and Spain, today’s disappointing auctions raised renewed concerns about the region’s sovereign debt problems. The German government failed to sell all of the
U.K.’s sterling that declined sharply against other major currencies at 2:55 am ET Wednesday rebounded shortly as most European stock markets opened in a positive territory. The pound reached multi-day highs against the currencies of U.S, Europe and Switzerland. Traders await the Bank of England’s July meeting minutes at 4:30 am ET. At the meeting,
The Swiss franc rose against most majors during Tuesday’s early North American session. The franc thus advanced to a 4-day high against the euro and a 1-week high against the pound. Switzerland’s trade surplus totaled CHF 9.9 billion in the first half of 2010, down from CHF 11.56 billion in the second half of 2009,
Tuesday morning in Asia, the Australian and the New Zealand dollars surged up against their major counterparts as a rise in most Asian stocks boosted demand for higher-yielding currencies. Hong Kong’s Hang Seng climbed 1%, China’s Shangai composite index soared 1.3%, Australia’s S&P 200 index advanced 0.7% and the All Ordinaries index was 0.6% higher,
