The US dollar slipped today against the commodity currencies on the unfavorable macroeconomic reports from the US and on the rally of the commodities. The S&P/Case-Shiller Home Price index posted an annual decline in October by 0.8 percent, compared…
The Swiss franc rallied today versus the US dollar on the speculation that the declining house prices would prompt the Federal Reserve to keep the interest rates near zero. The experts estimated that the Standard…
The Russian ruble jumped today to the highest price in two months, heading to the best monthly performance this year, after the crude oil prices touched the highest level in two years and as Russia’s central…
The Chinese yuan slipped today as the central bank raised its interest rates in an attempt to curb China’s significant inflation and to prevent the asset-bubble. China’s economic growth makes traders expect another rates…
The Australian dollar declined against the euro after China’s central bank increased its interest rates, causing speculation that China may intensify its attempts to curb the inflation. The Australian currency…
The Taiwan dollar gained today as the anticipation of the possible interest rates hike increased the appeal of the currency. The Economic Daily News said that Taiwan’s central bank may boos the interest rates after…
The euro advanced against the US dollar today as the gains of the Asian stocks muted the impact of the interest rates hike in China, increasing the investors’ willingness to risk. The MSCI Asia Pacific Index of regional shares…
The US dollar declined versus the higher-yielding currencies as the macroeconomic reports suggested that the economic recovery is underway, encouraging the investors to take more risk in seeking profits. The University of Michigan index of the consumer…
The Canadian dollar strengthened today against its US counterpart as crude oil, the key export of Canada, rallied to the highest level in more than two years, but the loonie declined versus other…
The euro dropped today after the Fitch Ratings agency downgraded the credit rating of Hungary and warned about the possible reduction of Greece’s rating, fueling the worries about the ability of the Eurozone peripheral economies to deal…