The Canadian dollar showed an unprecedented growth against the U.S. dollar last year. Rallying almost straight from 1.1635 to 0.9905, USD/CAD lost almost 15% in one year and broke two important support levels — psychological barrier of 1 CAD per USD and reaching its …
Chile’s Consumer Price Index increased unexpectedly last month by more than analysts forecasted, increasing the odds that the Central Bank of Chile will raise the refinancing interest rate on the next week’s meeting to fight …
The Great Britain pound recovered the part of its recent losses against the euro, the dollar and the yen today after the U.K. services index for December (reported by the Chartered Institute of Purchasing and Supply) unexpectedly rose. Financial market analysts expected the PMI index (services index) to be reported …
According to the China Foreign Exchange Trading System, the dollar/yuan central parity rate was set at its record low since the scrap of peg to dollar – 7.2775; down from 7.2996 previous recent record level. …
Both Australian and the New Zealand dollars gained today on a presumption that the international investors bought Australia’s and New Zealand’s government bonds as their premiums yield more than their U.S. and Japanese counterparts. Yield differentials have been the major advantages of Aussie and kiwi for quite …
The Central Bank of Sudan announced through circular (sent to Sudanese banks last Thursday) that starting from 2008 it will be denominating all currency accounting in euro instead of U.S. dollar. Central bank also informed …
The International Monetary Fund‘s report, released this Friday, shows that the specific part of U.S. dollar in world’s foreign currency reserves fell significantly in 2007. The U.S. dollar is losing its position as the international reserve currency giving it up to euro and Great Britain …
South African national currency, rand, showed this week a highest gain against U.S. dollar since October, based on a high probability that the South African Reserve BanSouth African Reserve Ban will increase the benchmark interest rate again after the inflation continued …
Today euro reached a new record high value against the Great Britain pound after the real estate market of the United Kingdom brought even more negative news thus increasing the chances for the Bank of England to cut the interest rate in January or February 2008. The Nationwide Building …
The median U.S. dollar gain versus euro, estimated by the foreign exchange market experts for the next year, is 3.5%. The dollar is believed to gain strength in 2008 after two years of a pretty …