The Indian rupee rose significantly today on Forex as the markets were restoring from the recent sharp fall and the economies of the developing countries started to receive more capital inflows. The Indian currency gained more than 1% after reaching …
Chilean peso fell from its recent record high value against the U.S. dollar yesterday as the copper price slid down significantly on the global concerns of thedecveloped economies slowdown. Although the Chinese economy, one of the biggest copper importer, is still …
The Chinese yuan rose to the highest rate against the U.S. dollar since the end of the yuans peg to dollar in 2005 as the government is believed to start fighting the domestic inflation rate more devotedly. Yuan has already gained more than 3.4% …
Yesterday the Federal Reserve lowered the benchmark interest rate from 3.00% to 2.25% to help the banking institutions during the times of global financial turmoil, but will the investors expectations for the further cuts be satisfied? The markets reacted …
According to Australias largest mortgage provider, Commonwealth Bank of Australia, the U.S. dollar will perform worse than experts previously expected for this year. The strengthening financial crisis in the United States forced the Federal Reserve to cut rates at a greater pace …
The U.S. dollar went down to the new record low levels against the European and Japanese currencies today during the Asian trading session on Forex as the Federal Reserve cut the discount interest rate in emergency. The global financial …
European leaders decided to include the strong euro reference to their two-day Brussels meeting conclusion, which is to be released today. Earlier today, this conclusion was expected to come out without a notice about the fast appreciation of the euro against the U.S. …
The Chinese yuan rose to its new highest rate against the U.S. dollar since the end of a currencys peg to the dollar in 2005. The dollar weakened on the international currency market this week as a lot of the disappointing macroeconomic statistics along with …
The U.S. dollar reached a new historical minimum against the euro today; it also fell below the 12-year old minimum level against the Japanese yen on the expectations of the more interest rate cuts from the Fed. The record …
The South African rand gained against the U.S. dollar for the fourth day today as the stock markets throughout the world were stimulated by the Federal Reserves decision to pump about $200 billion into the global banking system. The rand …