The IMF Board approved two new credit packages to limit and fight the spreading of the debt crisis.
Japanese Yen, Swiss Franc and U.S. Dollar grew due to increased demand for safe-haven currencies.
Market review for 14 – 18.11, 2011 During the past week, the negative economic statistics and general uncertainty in the EU provided a lot of pressure on European currencies (EUR and GBP). At the beginning of the...
Gold drops to minimums of $1710.
The pound was pressured by the UK labor market report.
The Euro continues its downtrend. The U.S. economic stats contributed to the increase of U.S. Dollar.
U.S. Dollar advances against the major currencies.
Market review for 7 – 11.11, 2011
The ECB started buying Italian government bonds and the euro rose against major
Against the background of the worsening situation in Italy, the euro lost about 310