The British pound rose today against the U.S. dollar as the traders started to bet on the interest rate cut in the United States based on the recent catastrophic developments in the countrys financial sector. Although many currencies opened this week with …
The Australian currency may experience considerable gains against the New Zealand dollar soon as the New Zealands central bank showed commitment to the extreme rate cutting in the fear of recession, while Australian central bank may refrain from changing the …
The U.S. dollar continued to grow today for the fourth day against the euro on speculation that the problems are more serious for the European economy than for the United States, thus the rate differential may switch …
The Chinese yuan traded almost unchanged in price against the U.S. dollar today after posting a significant gain yesterday on speculations that the central bank will reduce the currencys appreciation rate as the inflation returns to its normal values. Yuan is the …
The Japanese yen continued to grow against the major currencies today as the early stock market trading shows no sign of the optimism that was expected from the Freddie Mac and Fannie Mae bailout. Yen is the preferred currency when …
The Great Britain pound returned to its declining trend today even after the big positive opening gap this week. Analysts believe that this year may become the pounds worst since 1992. Traders bet that the British currency …
The Japanese yen showed a record fast growth against the major currencies this week as the stock markets declined worldwide and investors favored the low-risk assets in Japan, spurring the currency conversion process. Japanese currencies grew on the speculation …
The U.S. dollar rose today to its new maximum level in almost seven months against the euro as the crude oil prices declined after it became obvious that the hurricane Gustav wont be causing significant damage to the American oil industry. The …
The euro rose today against the dollar and yen for the second day and for the third day against the Great Britain pound after the ECB policy makers signaled yesterday that there wont be any rate cuts …
The Japanese yen fell from its more than two weeks maximum against the U.S. dollar today as the Japanese investors sought to buy foreign assets after their currency advanced so much yesterday. The yen declined also against the …