| Korea’s Won Retreats After Rally Posted: 12 Aug 2011 04:06 AM PDT The South Korean won rose earlier this day, bolstered by yesterday’s report about the US jobless claims, but later retreated on the inflation threat.(...) Read the rest of Korea’s Won Retreats After Rally (59 words)
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| NZ Dollar Heads for Second Weekly Drop Posted: 12 Aug 2011 03:03 AM PDT The US dollar fell today, heading for a second weekly decline, as the problems of the US and Europe makes traders less willing to invest in currencies perceived to be riskier.(...) Read the rest of NZ Dollar Heads for Second Weekly Drop (84 words)
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| Osborne Refuses Review Spending Cuts, Boosting Pound Posted: 11 Aug 2011 06:34 PM PDT UK Chancellor of the Exchequer George Osborne rejected demands of the opposition to reconsider the spending cuts that are biggest since World War II. The Great Britain pound reacted positively to the news.(...) Read the rest of Osborne Refuses Review Spending Cuts, Boosting Pound (129 words)
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| Franc Plunges Heavily on Prospects of Euro-Peg Posted: 11 Aug 2011 02:01 PM PDT The Swiss franc slumped today against all major currencies as Swiss National Bank Vice President Thomas Jordan suggested that a short-term peg of the nation’s currency to the euro could be legal.(...) Read the rest of Franc Plunges Heavily on Prospects of Euro-Peg (128 words)
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