The earthquake in Japan, that boosted attractiveness of the yen, at the same time curbed appeal of other Asian currencies, including the Malaysian ringgit. The earthquake added to concerns that the global economic growth may slow…
The Japanese yen gained today versus all other most-traded currencies as the earthquake in Japan increased local demand for the currency as a safe haven. The 8.9-magnitude earthquake struck at 14:46 local time at 130 kilometers…
The US dollar strengthened today as the signs of the weaker global economic growth caused investors seek safety of the US currency, while driving stocks, commodities and riskier assets down. The downgrade of Spain’s credit…
The Great Britain pound slumped today as the Bank of England maintained its benchmark rate unchanged at the record low level of 0.5 percent. The Bank of Englandâs Monetary Policy Committee today voted to maintain…
The Australian dollar slid today as China posted the unexpected trade deficit after the Lunar New Year holiday disrupted exports. China posted the trade balance deficit of $7.3 billion in February, while…
The euro slipped today after Moodyâs Investors Service cut Spain’s credit rating, strengthening the fears of the European sovereign-debt crisis. Moodyâs downgraded Spain’s debt rating to Aa2, following the decrease of Greeceâs…
The Great Britain pound advanced today, erasing yesterday’s losses versus the US dollar, as the report showed that the increasing exports made the deficit of the UK trade balance lower than was predicted.…
The Swiss franc strengthened today as the conflict in Libya continues, disrupting oil supplies and endangering the world economy. The investors again seek safety under such conditions. The forces loyal to Libya’s Leader Muammar…
The Japanese yen fell today as the signs of the global economic recovery and the declining prices for oil decreased demand for the currency as a safe haven. The German industrial output increased 1.8 percent in January, following the decline…
The South Korean won gained today as the prices for crude oil went down from the highest level in 29 months, easing concern about impact of fuel prices on the global economy. The prices for crude…