The Indian rupee fell to the new record low level versus the U.S. dollar today as the foreign investors pulled out capital out of the countrys markets amid deepening of the global financial crisis. The rupee has already dropped about …
The Japanese yen fell against other major currencies today after reaching record highs yesterday as the massive rate cut by the worlds major central banks inspired some confidence in the stock markets. The yen also declined versus its traditional …
The Japanese yen demonstrated a breakthrough growth against almost all major currencies today as the stocks tumbled globally and traders sought the «safe haven» assets. The yen broke through the 100 per U.S. dollar mark for the first …
The Australian dollar got boosted by the central banks decision to cut the interest rate by 1 percentage point today and recovered against the other major currencies during the Asian trading session. Not only the rate cut didnt act as the usual …
The European currency fell to the lowest level in the last two years against the Japanese yen and the weakest level in more than 13 months against the U.S. dollar today as the credit crisis urged Eurozones governments to pledge a help to the …
The U.S. dollar showed the biggest weekly gain ever against the euro on the Forex market this week as the global demand for dollar liquidity kept the greenback up despite the strong negative factors. During the last day …
The Australian dollar posted the biggest weekly loss since 1985 against the U.S. dollar this week, as the traders dumped their positions in the high interest rate currencies, while the situation with the global financial system remained uncertain. …
The Icelandic krona declined to the lowest level in almost seven years against the U.S. dollar yesterday after the rating downgrades by S&P and Fitch rating agencies raised the risk-averting mood among the investors. The drop in this national currency …
The Taiwanese dollar gained today after four days of declining against the U.S. dollar as the speculations that the U.S. senate will approve the $700 billion bail-out plan by the end of this week spurred confidence in the Asian currencies. The …
The Malaysian ringgit like the other emerging Asian currencies continued to fall today as the U. S. Congress failed to pass the $700 rescue plan for the financial institutions and the global volatility rose on the deeper crisis expectations. The Malaysian currency …