Posts published in September 2008

Malaysian Ringgit Opens Lower for 6th Day

The Malaysian ringgit like the other emerging Asian currencies continued to fall today as the U. S. Congress failed to pass the $700 rescue plan for the financial institutions and the…

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Dollar Gains on Rescue Plan Agreement

The U.S. dollar rose today against the euro and the pound after the U. S. President and Congress leaders reached the agreement on the $700 billion plan to buy out…

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Korean Won and Other Asian Currencies Fall

The Asian currencies declined today against the U.S. dollar as the delay of the U.S. financial rescue plan may diminish the attractiveness of the risk-ridden regional currencies in conjunction with the economic output decline in Asia. The basket…

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Yuan Reaches Post-Peg Peak Against Dollar

The Chinese yuan rose today to its new highest level against the dollar as the Forex traders reacted on the U.S. bank-rescue plan of dumping $700 billion into the economy…

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Dollar Gains vs. Yen on Government Action

The U.S. dollar rose fastest in more than a month against the Japanese yen today after the financial markets soared stimulated by the joined effort of the U.S., Eurozone’s and…

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Yen Slides as Central Banks Act Jointly

The Japanese yen fell today against the other major currencies on Forex after the central bank of the developed countries said that they will act together to provide…

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Pound Falls vs. Euro After Jobless Report

The Great Britain pound fell against the euro, while being moderately up against the other major currencies, after the release of the BoE’s minutes and the jobless claims…

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