The Japanese yen rose today against the U.S. dollar and recovered the gap-losses against the euro and the pound after the Russias central bank devalued the…
Posts published in January 2009
Pound Gains against Euro
The British pound rose against the euro today along with some other major currencies as the euro suffers from the trade balance deficit, while the traders…
Yen Grows on Stocks Slump and Bad Reports
The Japanese yen continued to advance today against the dollar, the euro and the British pound as the the other major currency pair are stuck in the neutral…
Dollar Weakens before Important Reports
The U.S. dollar declined today against the other major currencies, except yen, after rallying for three days, as the investors sought a technical correction before some important…
NZD Drops as Credit Rating Outlook Revised
The New Zealand dollar dropped to the monthly low against the U.S. dollar today as the S&P rating agency revised the countrys foreign currency credit rating outlook from stable…
Euro Declines on Dovish ECB Expectations
The euro declined against the U.S. dollar and the Japanese yen today after opening with a rather large negative weekly gap against these currencies as the traders…
Korean Won Declines on Rate Cut
The South Korean won continued to decline against the U.S. dollar today almost completing a third week of drop as the countrys central bank reduced the interest rate to the record…
AUD, NZD Down on Aroused Risk Aversion
The Australian and New Zealand dollars both showed a second day of decline today on the Forex market as the stocks, commodities and the confidence in the fast recovery from…
Euro at 3-Week Low vs. Dollar on Low Inflation
The European single currency bottomed near the 3-week low against the U.S. dollar and significantly fell against the Japanese yen and the British pound today…
Canadian Dollar Rises as Oil Shows Strength
The Canadian dollar rose against the 3 other major currencies today, completely reversing the daily trend, as the oil and commodity markets become more attractive after the…