US Dollar Gains on Wednesday as France adds to Euro Zone’s Debt Crisis - August 11, 2011 23:58

US dollar gained especially against the euro on Wednesday as France also reaches on verge of sovereign debt default. Most of analysts also foresee credit rating cut for France. Foreign exchange analysts, Jessica Hoversen from MF Global commented, “French banks were the trigger [for the dollar’s gains], but the general theme of concerns over global […]

Euro reaches its Highest in 2 weeks a Greece gets ready for First Round of Bailout Package - June 30, 2011 20:09

The euro touched it’s highest versus the greenback in last 2 weeks on positive development for Greece’s debt situation. The Greek parliament has approved the bailout package of 78 billion euros equivalent to $112.2 billion for its austerity measures. The single currency gained to 1.4431 against the US dollar on Wednesday as compared to 1.4366 […]

The Greenback faces Correction Versus the Swiss Franc on Consumer Price Inflation Data - February 17, 2011 19:22

The US dollar declined further against the Swiss franc after the release of US consumer price inflation data, according to which the core consumer price inflation increased more rapidly in the month of January as compared to any other month in the last year. However experts were of the opinion that high consumer price inflation […]