Posts published in June 2008

Yen Shows Growth on Moody’s Rating

The Japanese yen showed some really strong growth against the other Forex most-traded currencies today as the investors favored the Moody’s upgrade of the Japan’s yen debt rating. Despite…

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AUD at 25-Year High against Greenback

The Australian dollar reached a record high value since February 1983 against its counterpart from the United States today as the USD slumped and the commodity currencies grew…

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Currency Volatility Down at 2001 Value

The currency market volatility fell to its lowest values since the second quarter of 2001, signaling that the central banks probably won’t interfere into the Forex trading to support…

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NZD Headed for Weekly Loss

The New Zealand dollar continued to lose against other currencies today (except the U.S. dollar) as the economy contracted in the first quarter and the expectations that the central bank will cut the interest rate rose.…

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Yen at Record Low against Euro

The Japanese yen reached another record low level against the Eurozone currency today as the ECB prepares to raise rates in July, while Japanese spendings may go abroad to seek…

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USD Falling after FOMC Statement

The U.S. dollar dropped against the euro, pound and yen today after the Federal Reserve left the interest rate unchanged and released a statement showing no substantial…

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Swiss Franc Lower after Rate Decision

The Swiss National Bank decided to keep the country’s main interest rate at its 6-year highest value facing the risks of both a higher inflation rate and a slower economic growth.…

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Rupee Falls on Oil Demand Speculations

The Indian rupee showed a weakening today at the Forex market as the speculations that the domestic companies will have to buy oil rose in the country. As the commodities prices stopped falling today on the global markets the fears…

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Yuan Appreciates beyond 6.9 per Dollar

The Chinese yuan extended its gain against the U.S. dollar today reaching the 20 percent appreciation since the end of the peg in 2005 as the new meetings of the U.S.…

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