Yesterdayâs triumph of the currencies against the Japanese yen didnât last too long. Today yen soared up to the two-week high against the euro and the Great Britain pound on the bearish stock market trading session. Yen also rose against U.S., Australian and New Zealand dollars, but didnât exit the medium-term …
Japanese yen continued to fall against other currencies today during the Asian session after the Reserve Bank of Australia lifted its interest rate to the historically high value â 7.00%. Investors sought to gain interest-based profits on such currency pairs as AUD/JPY, NZD/JPY and GBP/JPY, while …
Today during the Asian trading session on Forex Australian dollar continued its bullish trend against the U.S. dollar and reached the new maximum value since 14th of November, 2007. This gain follows up the previous week of growth on AUD/USD, which has yielded more than …
The rising interest rates difference between the U.S. and Poland stimulated the second week of Polish zlotyâs growth against the U.S. dollar. While the U.S. government and Federal Reserve remain concerned with the the rising recession risks, the Polish government and monetary authorities aim towards the inflation slowing. After …
Canadian dollar rose this week again, after its sharp turn back from the long-term growth to the depreciation against the U.S. dollar. This growth was predated by the signs that the U.S. economy wonât be heading into recession soon. Canada is heavily …
Today both the Australian and New Zealand dollars continued their daily growth against their counterpart from the United States on willingness of the Forex traders to earn from the interest rates difference. Two days ago Federal Reserve lowered its benchmark interest rate by 50 basis …
GCC states â Bahrain, Kuwait and Saudi Arabia â decided to cut their deposit rates from 3.50% to 3.00% today, following the yesterdayâs interest rate cut by the Federal Reserve. Based on the risk estimations …
The Central Bank of the Russian Federation will probably stop intervening into the national currency market in order to strengthen the ruble against the U.S. dollar and hold down the growing inflation. This was stated by the Alexei Kudrin, …
The majority of Forex traders expected that the Reserve Bank of India will lower the main interest rates today to pare with recent emergency cut by the Fed and the anticipated additional interest cut at tomorrow Fedâs meeting. But Yaga Venugopal Reddy, Governor of the Reserve Bank of India, decided …
The Singapore dollar rose today during the Asian Forex trading session as the market analysts expected the Federal Reserve of U.S. to lower the interest rate at the next meeting, widening the rates difference for these two currencies. Fundamental data report on the U.S. housing which came out yesterday …