The Great Britain pound slipped against the euro and the Japanese yen today as the dovish minutes of the Bank of England meeting signaled that the Bank may increase its bonds buying to support the UK economy.…
The Chinese yuan slumped today against the US dollar, before rebounding later, after China’s policy makers raised the interest rates for the first time since 2007 to prevent the asset-bubble. The Chinese currency…
The Canadian dollar dropped today after the Bank of Canada left the overnight rate unchanged and as China raised its interest rates, damping the demand for the growth-related currencies. The Bank of Canada kept its benchmark…
One of the riskier currencies, crippled by the Chinese interest rates hike, was the Australian dollar, which slumped today against its US counterpart after trading at parity last week. The increase of the interest…
The US dollar strengthened today against all other currencies as the demand for the higher-yielding currencies slumped after the unexpected interest rates hike in China. The subsequent sell-off boosted the dollar and crippled other currencies.…
The New Zealand dollar strengthened today after the report showed that the inflation in New Zealand accelerated in the third quarter of this year, allowing the kiwi to gain versus 14 of 16 most traded…
The Great Britain pound dropped today ahead of the announcement this week about the detail of the spending cuts to decrease the nation’s significant budget deficit. George Osborne, the Chancellor of the Exchequer, should announce his…
The Japanese yen extended its rally against the US dollar on the speculation that Japan wouldn’t intervene to weaken the currency before the Group of Twenty meeting. The leaders of the nations from G-20 will meet…
The US dollar extended its decline this week on the outlook for another round of the quantitative easing by the Federal Reserve but it unexpectedly rebounded by the end of the week after the speech of the Chairman Ben Bernanke.…
The Great Britain pound fell today on the concern that the slow recovery would force Britain’s central bank to extend its stimulus measures. Earlier the currency surged versus the US dollar to the strongest…