Posts published in May 2008

Asian Currencies Fell on High Oil Costs

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…

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Kiwi Falls Deeper on Bad Retail Sales

The New Zealand’s 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…

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Euro Stronger on German GDP

The United Europe’s 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…

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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.…

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Korean Won at Lowest since 2005

The South Korean won declined to its lowest level since November 2005, as the country’s central bank said that the weaker currency will be helping against the economic stagnation.…

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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…

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