The euro advanced for the second straight day versus the U.S. dollar and the Japanese yen, supported by the announcement of the European Union officials that they are ready to aid Greece if necessary and also on outlook that Greece will get the international bailout to avoid the budget default, probably …
The U.S. dollar declined against the euro after the concern about Greece’s budget deficit has eased, but in the same time the U.S. currency gained versus the Japanese yen and may be further bolstered by the signs of the increasing consumer demand, signaling about the recovering economy and the rising …
The New Zealand’s dollar advanced versus its U.S. counterpart for the second straight day as the nationâs interest-rate advantage over the U.S. reached its highest level since 2008 after the central bank raised its benchmark rate on April 6th. The Reserve Bank of Australia declared …
The Great Britain pound rebounded against the U.S. dollar and the Japanese yen on the signs that the factory production in the U.K. surged in February by twice as much as the analysts predicted, to the highest since 2008, as the recent declines of the pound were helping the economy to recover. Manufacturing output increased 1.3 percent …
The Canadian dollar fell versus its U.S. counterpart after it have reached parity for the first time since July 2008 for a second straight day after the report that the Bank of Canada revealed its plans to increase the interest rate with a faster pace, but …
The rand dropped today for the third straight day as the speculation that the World Bank won’t grant the loan for Eskom Holdings Ltd., which would be used to fund the construction of the coal-fired Medupi plant, arose concern for economic expansion of the region and doubts about the capital inflows, but …
The Chinese yuan gained on the prospect that the central bank will stop keeping the currency at current rate, removing the a 21-month-old peg, and allow it to appreciate, attempting to keep the inflation under control and also to make imports cheaper. The Peopleâs Bank of China revealed its plan to sell …
The Indian rupee fell as importers, particularly the nationâs refiners, increased the buying of the U.S. dollar to pay for increasingly costlier overseas purchases, utilizing the U.S. currencyâs strength. The stronger rupee may attract trader by decreasing the cost of overseas shipments, but for now gains in the greenback has made …
The Japanese yen may rebound after its recent recessions against the majors as Masaaki Shirakawa, Governor of the Bank of Japan, expressed hope that the economic recovery, which apparently became self-supporting, will continue. The sales are increasing since the policy makers doubled the lending program …
The U.S. dollar’s advance may be held in check by the Federal Reserve’s decision to continue keeping the interest rates low on signs that the inflation slowdown will continue for some time and the risk of increasing the borrowing costs too soon before the economy fully recovers. The Fed lowered …