Singapore dollar declined for the sixth day against they U.S. dollar today as the countrys monetary authorities will probably use the weak national currency as a stimulus for the…
Posts published in November 2008
Japan Enters Recession, Yen Tumbles
The Japanese yen declined against the other currencies today after opening with a positive weekly gap as the worlds third largest economy contracted for the two consecutive quarters…
Yen Gains after One Corrective Session
The Japanese yen rose against the U.S. dollar, the euro and the pound today after posting a huge loss yesterday and the traders reviewed their outlook…
Pound Stops Below $1.5 as Recession Blooms
The Great Britain pound continued to trade below the psychologically and technically important level of $1.5 per pound for the second day today as the recession continued to show up at its…
Yen Declines as Borrowing Costs Fall
The Japanese yen fell against the U.S. dollar and the other major currencies today after the money-market lending conditions eased and the traders expect a positive…
Pound Declines on the Lowest Home Sales
The Great Britain pound continued to fall today against the other major currencies after reaching the all-time low against the euro as the home sales report showed…
Aussie, Kiwi Rise on China’s Stimulus Plan
The Australian and New Zealand dollars rose against the U.S. dollar and the Japanese Yen compared to the last Fridays close levels as the China said that the…
Dollar Falls Before Employment Report
The U.S. dollar declined against the euro and the British pound as the traders expect that the release of the important employment data from U.S. will show…
Banks Slash Rates; Pound, Euro, Franc Drop
The Europes currencies posted a daily drop against the U.S. dollar after showing a moderate volatility during the early trading session after the regional central banks cut the…
Dollar Gains After Obama Takes Presidency
The U.S. dollar strengthened its position against the euro and the British pound as the investors believe that Barack Obamas clear victory in the U.S. presidential elections will…