Posts published in December 2008

Dollar Declines on Oil Shortage Expectations

The U.S. dollar began today’s trading session with a rather strong decline against the euro, after posting a significant gain yesterday, as the investors expect the oil prices to surge…

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Russia’s Ruble Hits New Bottoms

The Russian ruble declined to the new record low level against the euro and the 2-year low against the U.S. dollar today as the country’s central bank allowed further depreciation of the ruble to stimulate the exporters. The Bank of Russia…

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Uncertainty Rules, Yen Grows

The Japanese yen gained against its major currency counterparts on the global Forex market today as the stocks fell and the demand for the Japan’s currency rose. The…

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Canadian Dollar Declines for Fourth Day

The Canadian dollar declined today against its U.S. counterpart for the fourth straight day as the oil prices continued to fall globally. Following the expiration of the January crude oil futures the price has briefly…

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Pound Down vs. Euro, Dollar, Yen

The British pound fell against the other major currencies today, most notably against the euro, as the market participant expect that the Bank of England will continue…

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Ecuador to Continue Using U.S. Dollar

The President of the Republic of Ecuador, Rafael Correa, said yesterday that the U.S. dollar will remain as the country’s main currency as the economic crisis offers harsh times for…

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Japan Slashes Rates, Yen Grows

The yen advanced against all other major currencies today after the Bank of Japan announced a rate cut to a near-zero level and the investors ran from the risky…

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Yen Down on Intervention Concerns

The Japanese yen posted its first daily drop against the U.S. dollar after 5 days of gains as the Japan’s Finance Minister said that the currency intervention will be used…

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