Worst Week for Sterling in Nine Months Posted: 10 Sep 2011 06:19 AM PDT The Great Britain pound posted this week the biggest weekly drop against the US dollar in nine months on the speculation the fragile UK economy will force the nation’s central bank to keep the interest rates at the record low level.(...) Read the rest of Worst Week for Sterling in Nine Months (111 words)
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Franc Considered Overvalued Even Pegged to Euro Posted: 09 Sep 2011 03:31 PM PDT The Swiss franc fell today against most major currencies as Economy Minister Johann Schneider-Ammann said that the currency is “massively overvalued” even after the central bank pegged the franc to the euro. The franc advanced against the euro today.(...) Read the rest of Franc Considered Overvalued Even Pegged to Euro (99 words)
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Canadian Dollar Falls with Employment Posted: 09 Sep 2011 01:41 PM PDT The Canadian dollar today for the second day against its US counterpart and the Japanese yen, heading to parity with the greenback, after the report showed that employment in Canada unexpectedly dropped and unemployment rate rose last month. The currency managed to gain versus the euro.(...) Read the rest of Canadian Dollar Falls with Employment (97 words)
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