The Japanese yen rose to the new monthly and yearly maximum against the other major currencies traded on Forex today as the situation with the financial crisis worsened…
Posts published in September 2008
Pound Rises vs. Dollar on Rate Cut Bets
The British pound rose today against the U.S. dollar as the traders started to bet on the interest rate cut in the United States based on the recent catastrophic developments…
Buy AUD for NZD Can be Next Big Trade Idea
The Australian currency may experience considerable gains against the New Zealand dollar soon as the New Zealands central bank showed commitment to the extreme rate cutting in the fear…
Dollar Breaks Psychological Resistance
The U.S. dollar continued to grow today for the fourth day against the euro on speculation that the problems are more serious for the European economy than…
Chinese Yuan May Slowdown on Lower CPI
The Chinese yuan traded almost unchanged in price against the U.S. dollar today after posting a significant gain yesterday on speculations that the central bank will reduce the…
Yen Continues Rising as Global Markets Fail
The Japanese yen continued to grow against the major currencies today as the early stock market trading shows no sign of the optimism that was expected from the Freddie…
Pound May Fall 20% More before 2009
The Great Britain pound returned to its declining trend today even after the big positive opening gap this week. Analysts believe that this year may become…
Yen Gains This Week on Global Stock Decline
The Japanese yen showed a record fast growth against the major currencies this week as the stock markets declined worldwide and investors favored the low-risk assets in Japan,…
Dollar Grows as Hurricane Gustav Weakens
The U.S. dollar rose today to its new maximum level in almost seven months against the euro as the crude oil prices declined after it became obvious that the…