The Japanese yen gained today as the Japanese investors are expected to bring their overseas assets back to Japan on the concern about the radiation leak from the nuclear plant. Fukushima Dai- Ichi plant…
The US dollar fell today as the nations of the Organization of the Petroleum Exporting Countries slashed their holding of the US debt because the rising oil prices decreased their need for the US currency. The Treasuries in holding…
The Great Britain pound posted the impressive gains today after Fitch Ratings said that the UK should keep its top credit rating and as the talks about an increase of the interest rates renewed.…
The Japanese yen rose sharply on the last Friday after the earthquake hit the country, spurring risk aversion and demand for the currency as a safe haven. Today the currency slipped as the government and the central bank attempt to deal…
The euro gained today as the European leaders decided on the summit to increase the rescue funds to aid the indebted peripheral economies of the region. The leaders of the European Unions have met on the two-daysummit in Brussels on March 11. They…
The Japanese yen tumbled today after the Bank of Japan pumped money into the nation’s financial system to help the country in dealing with the consequences of the 8.9-magnitude earthquake on March 11. The BoJ will add…
The euro weakened against other major currencies this week as the worries about the sovereign-debt crisis reemerged. The shared 16-nation European currency strengthened by the end of the week as the European leaders met to discuss the measures…
The Canadian dollar erased its losses versus the US dollar today as stocks advanced and the US retail sales grew. The Canadian currency weakened against the euro as oil fell and the European policy makers…
The Australian dollar rebounded today as the set of good reports was released in China, showing a strong economic growth. The currency previously weakened as the earthquake in Japan diminished demand for higher-yielding currencies. Today’s reports…
The Australian dollar rebounded today as the set of good reports was released in China, showing a strong economic growth. The currency previously weakened as the earthquake in Japan diminished demand for higher-yielding currencies. Today’s reports…