The New Zealand dollar continued to lose against other currencies today (except the U.S. dollar) as the economy contracted in the first quarter and the expectations that the central bank will cut the interest rate rose. Although, the New Zealand currency is rising today against the U.S. dollar, its still …
The Japanese yen reached another record low level against the Eurozone currency today as the ECB prepares to raise rates in July, while Japanese spendings may go abroad to seek the higher yielding assets. The yen continued to fall today after …
The U.S. dollar dropped against the euro, pound and yen today after the Federal Reserve left the interest rate unchanged and released a statement showing no substantial signs that the rate can be raised by the end of the year. …
The U.S. dollar declined today against the euro, extending its weekly drop, as the chances for the Federal Reserve to increase the interest rates next week became more slim. The dollar also headed for a weekly loss against …
The Swiss National Bank decided to keep the countrys main interest rate at its 6-year highest value facing the risks of both a higher inflation rate and a slower economic growth. The Swiss franc fell today against the U.S. dollar in the …
The Indian rupee showed a weakening today at the Forex market as the speculations that the domestic companies will have to buy oil rose in the country. As the commodities prices stopped falling today on the global markets the fears that the companies will have to convert the national currency into dollars to buy …
The Chinese yuan extended its gain against the U.S. dollar today reaching the 20 percent appreciation since the end of the peg in 2005 as the new meetings of the U.S. and Chinese financial officials will be held soon. The yuans gain for …
The Japanese yen fell significantly today against the other major world currencies as the fast growth on the Asian and European stock markets attracted more participants to the carry trade activities. Yen was used as a low-cost borrowing currency to fund …
The finance ministers from the Group of Eight nations confirmed their position in the favor of a stronger U.S. dollar at the meeting in Osaka, Japan today. The U.S. Treasury Secretary Henry Paulson said that the strong dollar «is in our nations interest» after …
The U.S. currency is heading for its biggest weekly gain since March 2005 against the European currency as the dollar benefits both from past Bernankes statements and the current expectations for G8 meeting. Many reasons stand behind such a fast dollar …