The Japanese yen gained against the euro and other currencies on the Forex market today, making this week the first bullish one since May, as the stock markets declined world-wide spurring sell-off on the carry trade market. Stock …
The New Zealand dollar fell to its 6-month low level against the U.S. dollar after the Reserve Bank of New Zealand cut the interest rate by a quarter percent point in its first rate reduction in the last five years. Today …
The Great Britain pound fell today against its major counterparts after the private report on July house prices decline and the commentary made by the Bank of England policy maker. There were two significant down-pushing factors for the …
The Chilean peso became the worst performing currency in the last three months as the inflation soared and the central bank kept supporting exporters. The peso dropped 11.8 percent against the U.S. dollar during the last three months as the government has been buying $50 million each day to support the national …
The South African currency headed for its fifth straight weekly growth against the U.S. dollar today as the traders speculated on the higher demand for the local currency from the carry trade participants. The rand went up to its …
The Chinese yuan showed the first declining day since Monday on Forex today as the traders were driven by the speculations that the government will let national currency weaken slightly to support exporters. Yuan declined for the first time …
The U.S. dollar fell against the Japanese yen today for a second day as the global financial markets expected the U.S. banks to report further losses and decrease the attractiveness of the worlds largest economy. Dollar reached its all-time low …
The Australian currency rose its highest value in last 25 years against the U.S. dollar as the credit markets continued to lose on the mortgage lending crisis in the United States. The Australian dollar (also referenced as Aussie in the Forex slang) showed …
The U.S. dollar showed the first daily growth against the euro in last four trading days after the U.S. Treasury Secretary Henry Paulson announced the governments funding plans for the failing mortgage lending giants Freddie Mac and …
The Indian rupee is more likely to end this week in a positive zone against the U.S. currency as the investors expected that the companies good reports will attract traders and the conversion to local currency. The Indias currency rose to its 2-week …