The European currency fell to the lowest level in the last two years against the Japanese yen and the weakest level in more than 13 months against the U.S.…
Euro at 2-Year Low on Europe’s Credit Crunch
October 6, 2008
Posts published in October 2008
USD Demand Triggers Biggest Weekly Gain
October 4, 2008
The U.S. dollar showed the biggest weekly gain ever against the euro on the Forex market this week as the global demand for dollar liquidity kept the…
Australian Dollar Has Worst Week Since 1985
October 3, 2008
The Australian dollar posted the biggest weekly loss since 1985 against the U.S. dollar this week, as the traders dumped their positions in the high interest rate currencies,…
Rating Downgrades Drop Icelandic Krona
October 2, 2008
The Icelandic krona declined to the lowest level in almost seven years against the U.S. dollar yesterday after the rating downgrades by S&P and Fitch rating agencies raised the…
Taiwan Dollar Rose on Bail-Out Expectations
October 1, 2008
The Taiwanese dollar gained today after four days of declining against the U.S. dollar as the speculations that the U.S. senate will approve the $700 billion bail-out plan…