The US dollar that extended its previous session’s rally against its major counterparts at the beginning of Thursday’s Asian session shed some of its gains shortly. Traders considered a pair of economic reports from the North American session on Wednesday. The Commerce Department reported that new home sales fell 2.2 percent to an annual rate
The dollar continued its recent run of choppy trading on Tuesday amid the release of another round of mixed data from the US housing front. Traders were also focused on developments from Europe, hoping for some resolution on the Greek debt crisis. However, Germany indicated that aid to Greece will not be discussed at this
Monday in Asia, the pound plummeted to more than a 1-year low against the Swiss franc and new multi-day lows against the rest of majors following a Confederation of British Industry report showed that the recovery in the U.K. economy is expected to remain sluggish during 2010. In its latest economic forecast, the CBI said
Monday in Asia, the Australian and the New Zealand dollars plummeted against their most major counterparts as a slide in Asian equities dented demand for higher-yielding currencies. The mood remains quite cautious in markets across the Asia-Pacific region today following a weak close on Wall Street on Friday and a decline in oil and commodity
The Canadian dollar declined from early morning session’s uptrend against major rivals in New York afternoon trading on Friday. According to a report released by the Statistics Canada today, the Canadian retail sales rose by 0.7 percent to a C$35.7 billion total in January from previous month’s revised increase of 0.5 percent. The Statistics Canada
