The Asian currencies fell this week as the oil prices surged and the rising inflation concerns forced foreign investors to cut the inflow of liquidity into this region. Indian rupee and Malaysian ringgit led…
Posts published in May 2008
Yen Continues Growth after GDP Report
The Japanese yen continued its growth today after the late yesterday release of the GDP report showed that the gross domestic product rose much better than…
Kiwi Falls Deeper on Bad Retail Sales
The New Zealands currency continued its extremely fast drop against the other major currencies today after the retail sales report was released yesterday at 22:45 GMT. It was a third…
Euro Stronger on German GDP
The United Europes currency gained a new strength on the Forex market today after the German quarterly GDP data was released and the investors got more confidence in the…
Dollar Extends Gain on CPI Expectations
The U.S. dollar extended its gain against other major currencies on Forex today as the investors expect higher April CPI figures from the report that will be released…
Dollar Will Lose 11% to Yuan in 2008
According to the research paper, released by United Overseas Bank Ltd., the yuan has a strong chance to appreciate further this year to the total of 11 percent gain against the U.S.…
British Pound Grows on April PPI Report
The Great Britain pound rose today against the U.S. dollar and the euro, partially recovering its losses from the last week, as the record high PPI…
Korean Won at Lowest since 2005
The South Korean won declined to its lowest level since November 2005, as the countrys central bank said that the weaker currency will be helping against the economic stagnation.…
Dollar Rose on Hoenig’s Hawkish Comments
The U.S. dollar rose today during the late Asian Forex trading session, as the traders reacted on the hawkish commentary by the Federal Reserve Bank of Kansas City President…
AUD Stops Growth after RBA Statement
The Australian dollar stopped growing on the Forex market today after the Reserve Bank of Australia mentioned economical growth moderation in its monetary policy statement. The RBA kept…