BUSINESS: GLOBAL CURRENCY UPDATES

 

US Dollar vs. Euro, Pound, Canadian Dollar - Friday, Feb. 24, 2012
 
The euro gained on the U.S. dollar, reflecting improving sentiment toward economic conditions in Europe after Germany reported better-than-expected business confidence data yesterday.


The euro is valued at $1.34174.

The British pound was higher against the dollar, on news that CBI data far exceeded investors’ expectations, indicating that the U.K. economy could be recovering sooner than projected.

The pound is at $1.58028.

The Canadian dollar remained steady versus its U.S. counterpart as investors remained focused on taking bets on risky assets after positive economic developments from Germany and the U.S.

The loonie stands at $1.00324.


US Dollar vs. Euro, Pound, Canadian Dollar - Thursday, Feb. 23, 2012
 
The euro edged up against the U.S. dollar in light of a positive data release on German business conditions.


The euro is valued at $1.32961.

The British pound advanced on the dollar after data released by the British Bankers' Association showed that the number of mortgage approvals for house purchase in the U.K. increased more than expected in January.

The pound is at $1.57159.

The Canadian dollar held steady against its U.S. counterpart, although investor appetite ebbed and global stocks dropped on bets the worldwide economic growth may stall.

The loonie stands at $1.00259.


US Dollar vs. Euro, Pound, Canadian Dollar - Wednesday, Feb. 22, 2012
 
The euro lost ground to the U.S. dollar as enthusiasm over the eurozone agreement on a Greek rescue faded due to concerns more must be done to get the country back on track.


The euro is valued at $1.32275.

The British pound fell versus the dollar as concerns Greece will struggle to implement the austerity measures agreed in its bailout package boosted demand for the relative safety of the U.S. currency.

The pound is at $1.57159.

The Canadian dollar weakened versus its U.S. counterpart after data showed retail sales fell in December, and currencies of commodity-exporting nations slid on concern a bailout hasn’t resolved Greece’s long-term debt crisis.

The loonie stands at $1.00233.


US Dollar vs. Euro, Pound, Canadian Dollar - Tuesday, Feb. 21, 2012
 
The euro was slightly weaker against the U.S. dollar as eurozone finance ministers continued to negotiate over measures to bring Greece's debt levels down.


The euro is valued at $1.32205.

The British pound edged down versus the dollar, despite a report showing that UK house prices increased this month.

The pound is at $1.58328.

The Canadian dollar lost ground to its U.S. counterpart on news that household spending in Canada is projected to contract 0.1% after expanding 0.3% in November 2011.

The loonie stands at $1.00494.


US Dollar vs. Euro, Pound, Canadian Dollar - Monday, Feb. 20, 2012
 
The euro moved up on the U.S. dollar as stocks rose in overnight trade, marking an improvement in risk appetite to start the trading week and sapping demand for the go-to safe haven currencies.


The euro is valued at $1.32661.

The British pound was higher against the dollar, as hopes that Greece is moving closer to securing a second bailout boosted demand for riskier assets while a decision by China to ease monetary policy also buoyed sentiment.

The pound is at $1.58705.

The Canadian dollar climbed higher against its U.S. counterpart as investors looked for higher-risk assets in the currency market, fueled by confidence over the Greek debt question and positive economic indicators from the oil-rich country.

The loonie stands at $1.00908.


US Dollar vs. Euro, Pound, Canadian Dollar - Friday, Feb. 17, 2012
 
The euro advanced on the U.S. dollar as signs the U.S. economy is gaining momentum and optimism European leaders will reach an accord to rescue Greece reduced demand for haven assets.


The euro is valued at $1.31700.

The British pound extended gains against the dollar as a flurry of upbeat U.S. economic data supported market sentiment although concerns over Greece’s second bailout package persisted.

The pound is at $1.58403.

The Canadian dollar gained on its U.S. counterpart as risk appetite swelled on data showing improvement in the U.S. economy and bets Greece will receive a rescue package to avoid a default.

The loonie stands at $1.00594.


 
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