The Australian dollar fell today against the Japanese yen on the speculation that Japan’s central bank will refrain from curbing the yen’s gains and after Australia’s wages growth slowed. The Aussie also…
The Thai baht went up today on the speculation that the fast growth of the Asian nations would attract more investors to the region, increasing the appeal of the Asian currencies. The central banks of some Asian nations,…
The Japanese yen dropped today as the rally of the global equities damped the demand for the safer currencies and on the anticipation of the intervention by the central bank. The Standard & Poorâs 500 Index and the MSCI Asia Pacific Index of shares…
The Canadian dollar strengthened today as the gains of the global stocks and the rising oil prices spurred the demand for the currencies related to the economic growth. The Standard & Poor’s 500 Index rose 1.6 percent and The MSCI…
The Australian dollar rallied against its US counterpart today after the Asian stocks rose, increasing the demand for the riskier higher-yielding currencies, and on the improving outlook for the global economic growth. The MSCI Asia Pacific…
The South Korean won jumped today on the speculation that the central banks of the Asian nations would raise the interest rates, attracting more investors to the region. The Bank of Korea expected to allow the won appreciate…
The Malaysian ringgit fell today on the concerns that the global economic recovery is faltering, hurting the export-driven economies of Asia. The Japanese gross domestic product expanded by only 0.1 percent, less than…
The Russian rose today after crude oil, the main source of the nation’s revenue, gained and as the exporters converted their foreign currency earnings into the Russian currency. The Russian exporters exchanged their foreign…
The US dollar performed rather well against other major currencies this week, despite the concern for the US economy. In fact, actually the concern for the economic growth was one of the reasons the other currencies…
The Japanese yen weakened today against the US dollar and the Great Britain pound and traded near the opening level versus the euro as the traders consider the possibility of the intervention by the Bank of Japan in order to curb the currency’s…