Saudi Arabias Finance Minister Ibrahim Al-Assaf agreed with the U.S. Treasury Secretary Henry Paulson that the riyals peg to dollar is serving good to the countrys economy and assured him that Saudi Arabia has no plans to unlink the currency. During his four-day …
Today the U.S. dollar continued to head for its second monthly gain against such currencies as the euro and the Japanese yen as the countrys economical situation showed some improvement over the recent weeks. The second month of growth against …
The U.S. dollar rose today to highest against the euro since May 20 as the Federal Reserve Bank of Dallas President Richard Fisher said that the interest rate increase is possible on elevated inflation fears. The U. S. currency also continued to rise …
The Indian rupee rose today as the exporters had to convert their overseas earnings after the Indias currency has been losing significantly to the U.S. dollar in May. The rupee recovered from two days of losses this week as the oil continued …
The Japanese yen extended its decline against its traditional carry trade counterparts today as the Asian stock markets soared after the U. S. Memorial Day holiday ended. Yen dropped significantly against the Australian and New Zealand dollars (the …
The Chinese yuan rose to the highest rate against the U.S. dollar since the scrapping of the peg in 2005 as the investors expected China to quicken yuan gains in order to cut the inflation growth. The Chinas short-term bonds fell today as their yields …
Fortis Bank analysts expect Indian currency to rise 9 percent by the end of this year as the Reserve Bank of India will have to increase interest rates to fight the accelerating inflation growth. Indias currency is currently the second worst performing among ten most-traded …
The New Zealand dollar rose today against all other major currencies at a fastest pace in months as the Finance Minister Michael Cullen cut the income tax supporting the national economy. Kiwi (a nickname for the New Zealands currency) climbed today …
The Japanese currency rose today on Forex during the Asian trading session as the stocks market drop spurred carry trade sell-offs and the liquidation of the yen-based high-risk assets. The yen gained against Great Britain pound, U.S. and …
The U.S. dollar declined today against other major currencies as the International Monetary Fund stated that there are still serious risks to the global financial market connected with the U.S. real estate crisis. Most significantly dollar fell …