The euro fell to its five-month lowest level against the U.S. dollar as the investors traded on the high probability that the ECB wont be raising interest rate as the economy is slowing. The euro also declined against the Japanese yen, falling …
The Chinese yuan fell against the U.S. dollar for the third day this week as the government tightened control over the illegal capital inflow into the countrys financial system. The demand for the local currency may decline …
The euro rose today against the U.S. dollar and other major currencies on Forex after a quite deep decline that was observed yesterday, as the traders expect ECB President Jean-Claude Trichet to signal uprising inflation risks on the next meeting …
The Australian dollar declined to its lowest value against the U.S. dollar since July today after the central bank statement said that lower inflation may allow interest rate cuts in the future. The Australian currency (which is also …
The Canadian dollar continued its strong bearish trend today against the U.S. dollar as the currency traders began to realize that the commodity prices wont hold up if the worlds biggest economy will continue to cool down. Market participants predict 17 percent drop …
The Japanese yen rose to its two-week high level against the euro and one-week against the Great Britain pound today as the stock markets tumbled yesterday in U.S. and continued to fall in Asia today. Yen also continued to grow against …
The rand of South Africa traded near its 6-month highest value against the U.S. dollar today before and after the report that showed acceleration in the producer price index last month. The producer-inflation report that was released …
The Australian dollar fell today to the the one-month lowest level against the U.S. dollar after the report of unexpected drop in housing approvals in June. The Aussie repeats the yesterdays decline of the New Zealand dollar, when it has fallen sharply …
The New Zealand dollar fell significantly against the other currencies today after the release of the report that showed that the home-building approvals in the country declined to the lowest level in almost 22 years in June. According to a report released yesterday …
As the investors feared that the U.S. financial institutions will continue to lose on the credit crunch and the oil prices rose, the U.S. dollar declined from its local maximums against euro and yen. The U. S. currency fell …