The Chinese yuan continued its record breaking growth against the U.S. dollar after a month-long pause today and rose to a new maximum level since the scrapping of the yuan-dollar peg in 2005. Chinas currency appreciated today as the U. S. Treasury Undersecretary David …
The Asian currencies fell this week as the oil prices surged and the rising inflation concerns forced foreign investors to cut the inflow of liquidity into this region. Indian rupee and Malaysian ringgit led the seven out of the ten most traded Asian currencies (excluding the Japanese yen) …
The Japanese yen continued its growth today after the late yesterday release of the GDP report showed that the gross domestic product rose much better than everyone expected. Japans economy gained 0.8 percent in the first quarter of 2008 compared to the …
The New Zealands currency continued its extremely fast drop against the other major currencies today after the retail sales report was released yesterday at 22:45 GMT. It was a third day of a bearish trend for the New Zealand dollar (at least against …
The United Europes currency gained a new strength on the Forex market today after the German quarterly GDP data was released and the investors got more confidence in the ECBs hawkish stance. According to a report that was released today at 6:00 GMT the …
The U.S. dollar extended its gain against other major currencies on Forex today as the investors expect higher April CPI figures from the report that will be released today at 12:30 GMT. Dollar is now growing for a second day after the …
According to the research paper, released by United Overseas Bank Ltd., the yuan has a strong chance to appreciate further this year to the total of 11 percent gain against the U.S. dollar in 2008. The Chinese currency has rose 4.3 percent up this year …
The Great Britain pound rose today against the U.S. dollar and the euro, partially recovering its losses from the last week, as the record high PPI growth added confidence that the Bank of England will not lower …
The South Korean won declined to its lowest level since November 2005, as the countrys central bank said that the weaker currency will be helping against the economic stagnation. The Bank of Korea decided to leave the interest rate unchanged at 5 percent …
The U.S. dollar rose today during the late Asian Forex trading session, as the traders reacted on the hawkish commentary by the Federal Reserve Bank of Kansas City President Thomas Hoenig. Hoenig said that if the inflation pressures strengthen in U.S., …