The euro reached the highest level in five months against the US dollar today on the speculation that the European Central Bank will raise the interest rates on the next meeting of its policy makers. The currency…
The Australian dollar ended its rally against the yen today on the concern that the jump of oil prices will derail the global economic recovery. The Australian currency, often called the Aussies, rose earlier…
The Canadian dollar went up as the renewed concern that the tensions in Libya, as well as in the other countries of the region, will disrupt supplies of crude oil bolstered the commodity. The allied air strikes in Libya can…
The euro surged last week as the European leaders made some preliminary agreements about resolving the sovereign debt crisis. The improving sentiment about the ability of Japan to recover from the disaster also helped…
The New Zealand dollar gained today, rising for the third consecutive session versus its US counterpart, as the Japanese specialists are making progress in getting the reactors of the damaged nuclear plant under control.…
The Japanese yen extended its decline today, falling for the third straight day, as the nations of the Group of Seven continued selling of the yen to weaken the currency. The yen surged earlier as the disaster in Japan spurred demand…
This week of volatility and uncertainty for the yen ended and its time to gauge the performance of the currency. And it’s truly a hard endeavor as the Japanese currency posted a weekly gain against some majors, a weekly loss…
The Great Britain pound fell against the euro today as the report showed that the consumer confidence worsened in February to the record low. The currency rose versus the US dollar and the Japanese yen. The consumer confidence…
The Canadian dollar surged today against the Japanese yen the most in 10 months after the nations of Group of Seven, including Canada agreed to intervene in order to weaken the Japanese currency. The Canadian currency fell…
The South Korean jumped to the highest level in six weeks today as the Group of Seven nations agreed to help Japan to deal with the aftermath of the earthquake, the tsunami and the radiation leak. The Statement of G7 Finance Ministers…