Hidetoshi Kamezaki member of the Policy Board of the Bank of Japan said today during briefing with the reporters, that BoJ has no plans to lower main interest rate yet, and it will have to look at whole picture of the coming economic statistics before carrying out …
U.S. dollar has already entered the Christmas flat market zone and is trading on the very low volumes. During the Asian session today it managed to lose just 0.1% to Japanese yen as the latter gained from the good news from Merrill Lynch. Yesterday USD/JPY …
The euro rose against all other major currencies today spurred by the carry trading optimism and weakness experienced by the Great Britain pound and the U.S. dollar. EUR/GBP reached its historical maximum as the pound has been losing its weight against other currencies on Forex. Bank …
South African rand has fallen this week losing almost 2% against the U.S. dollar compared to its last Friday’s close rate. It was the second straight loss week for USD/ZAR as the Forex traders were leaving carry trade positions before the holidays …
Indian Finance Minister, Palaniappan Chidambaram, said yesterday that the the rupee’s value is determined only by the market participants and is not regulated by the government in any way. The Indian rupee lost 0.5% this …
Australian dollar improved its positions against U.S. dollar and Japanese yen today after the very successful Asian/Australian stock markets session and some promising report on the country’s economy. AUD/USD increased 1% — a largest gain since last Wednesday, whereas AUD/JPY gained a little …
Pound sterling is experiencing a continuous downfall that started more than a month ago in earlier November. GBP/USD has lost more 5.8% since November 9 — when it reached its maximum value in many years. After gaining about 0.3% this …
After two other European central banks decided to hold their current interest rates, Czech and Polish banks chose to follow the same way and didn’t change their reference interest rates despite the fact that they both raised the rates at the end of November. Today …
Swedish central bank left the main interest rate unchanged at 4.00% during the meeting of the Executive Board on 18 December. The economy growth slowdown didn’t allow the Riksbank to increase the interest rate according …
The United States Treasury International Capital report showed that China has been selling its Treasuries for a third month in a row in October 2007, which may signal for the start of the funds diversification. …