Great Britain pound fell down to a new absolute minimum level against the euro today as the fresh economic data from U.K. signaled that the output growth will probably slow down significantly. The survey by the Royal Institution of Chartered …
The U.S. dollar has retreated from its impressive gain on this week opening on the Forex market and is now trading inside its usual recent daily bearish trend against the euro and the Japanese yen. The G7 meetings officials noted …
The U.S. dollar may probably slow down in its currently strong bearish trend against the other world currencies after the G7 meeting participants expressed their concern about the Forex market fluctuations. The housing and financial crisis in U.S., …
The Central Bank of Chile will be buying the U.S. dollars in 2008 in order to stimulate the economy by the weaker national currency. This year, starting April 14 Chiles central bank will be buying $50 million every day on the Forex market to increase the overal countrys currency …
The Chinese yuan ended the domestic OTC trading session today below 7 yuan per U.S. dollar level for the first time since the end of the peg to dollar in 2005. After USD/CNY closed at 7.0016 yesterday, the exchange rate of the …
Both Bank of England and the European Central Bank acted as expected today during their monetary policy meetings BoE cut the interest rate to 5.00% and ECB left them unchanged at 4.00%. Facing the problems in the housing and the financial sectors of the economy, the Bank of England, decided to lower the interest …
The Japanese yen is holding steady on the Forex market today after interest rate was left unchanged at 0.5% and the stock markets fell slightly. The new head of the Bank of Japan, Masaaki Shirakawa, didnt bring any surprises to the first …
The Great Britain pound fell sharply today against dollar, euro and yen as the house prices fell in March by 2.5%, indicating that the countrys mortgage market slump is not over yet. Halifax House Price Index a housing report of HBOSplc showed a 2.5% decline in prices for March …
The South African rand grew today against the U.S. dollar (and the other world currencies too, because dollar is rising today) as the report showed an increase in the countrys foreign currency reserves in March. Its worthy to say that the rand usually …
The U.S. dollar is heading for the fastest weekly gain in more than four years versus the Japanese yen as the financial markets get a feeling of relief from the crisis. Yen was a favorite safe haven currency since the beginning …