The U.S. dollar rose today against the euro and the pound after the U. S. President and Congress leaders reached the agreement on the $700 billion plan to buy out lossy assets from the financial companies. Dollar accelerated its growth …
The bet on the euro short positions may increase in the following months as the Paulsons rescue plan may pull out the U.S. financial system from the crisis, while the Eurozones economy will be in recession. According to UBS investment bank, traders should …
The U.S. dollar dropped against three other major currencies for the first time in three days today after George W. Bush said that U.S. may enter a long and painful recession period if the necessary measures arent taken soon. Current …
The Asian currencies declined today against the U.S. dollar as the delay of the U.S. financial rescue plan may diminish the attractiveness of the risk-ridden regional currencies in conjunction with the economic output decline in Asia. The basket of the 10 major Asian currencies fell today after the yesterdays testimony of the Federal Reserve Chairman …
The Chinese yuan rose today to its new highest level against the dollar as the Forex traders reacted on the U.S. bank-rescue plan of dumping $700 billion into the economy that will hurt some important macroeconomic statistics and increase the …
Henry Paulsons plan to rescue the financial institutions tied with the illiquid mortgage assets will not only cost U.S. $1 trillion of tax-payers money, but it may also end the dollars rally that was rocking the Forex market since mid July. …
The U.S. dollar rose fastest in more than a month against the Japanese yen today after the financial markets soared stimulated by the joined effort of the U.S., Eurozones and Japans central banks. The dollar also gained against the European and …
The Japanese yen fell today against the other major currencies on Forex after the central bank of the developed countries said that they will act together to provide the necessary liquidity to the global financial system. The interbank borrowing …
The Great Britain pound fell against the euro, while being moderately up against the other major currencies, after the release of the BoEs minutes and the jobless claims report in the United Kingdom today. As the released minutes of the Bank …
The Japanese yen rose to the new monthly and yearly maximum against the other major currencies traded on Forex today as the situation with the financial crisis worsened significantly through the weekend and Monday and the traders expect …