The U.K. pound continued to fall against the U.S. dollar and the Japanese yen today, despite the correction seen in some other dollar- and yen-based currency pairs, as the traders expect a major rate cut by the Bank of England. Traders …
The Chinese yuan fell to the weakest level since August today as the countrys government continued to manipulate its currency before the scheduled meeting with the U. S. Treasury Secretary. The reference rate, set by the Peoples Bank of China, allows 0.5 percent deviation in the …
The measures proposed by the U.S. government to support the national financial system and the optimism that followed the announcement of Obamas economic team caused the U.S. dollar to decline against the euro this week as the money risks decreased …
The Thai baht continued its decline against the U.S. dollar today and touched its lowest level in the last 21 months as the political protests and the civil unrest raged through the country. The political turmoil in the country …
The British pound fell today against the U.S. dollar and the yen, following the three days of growth, as the traders expect the GDP report to confirm a decline of the economy today. The traders expected that the todays Q3 GDP report …
The Japanese yen rose today against the major currencies after losing for two days as the U.S. macroeconomic reports will show the worsening of the crisis, according to the analysts expectations, and the investors will cut the amount …
The South Korean won continued its decline against the U.S. dollar today despite the other Asian stocks rebound caused by the U.S. governments intentions to bail-outCitigroup. The won almost renewed its decade low level, set on November 20th, and extended its monthly drop against the greenback …
The Canadian dollar declined against the U.S. dollar for the second week in a row as the oil and commodities prices continued to drop on the worsening global economy outlook. The Bank of Canada Commodity Price Index dropped to 181.63 this week — its …
The Malaysian ringgit declined slightly today and also posted its third weekly drop against the dollar this week as the emerging stock markets and currencies lived through one of the worst week with the oil, commodities and …
The Indian rupee fell to the record low level against the U.S. dollar today as the Asian stock markets followed the path of the U.S. equities and declined strongly; the recession forecasts for 2008 and the first half of 2009 also …