Posts published in November 2008

Singapore Choose to Depreciate Its Currency

Singapore dollar declined for the sixth day against they U.S. dollar today as the country’s monetary authorities will probably use the weak national currency as a stimulus for the…

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Japan Enters Recession, Yen Tumbles

The Japanese yen declined against the other currencies today after opening with a positive weekly gap as the world’s third largest economy contracted for the two consecutive quarters…

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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…

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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…

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Banks Slash Rates; Pound, Euro, Franc Drop

The Europe’s 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…

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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 Obama’s clear victory in the U.S. presidential elections will…

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