The US dollar showed a monthly decline against all of its major counterparts on the Forex market in April, confirming its long-term downward trend even against the currencies closely connected with the US…
Posts published in April 2011
Swiss Franc at New Record High Against Dollar
Prompted by the positive macroeconomic news, the Swiss franc managed to rise to a new record high against the US dollar and to grow against other major currencies today. The Swiss currency benefited from today’s…
Yuan Appreciates Above 6.5 vs. USD for a Short Time
The Chinese yuan rose above the 6.5 level against the US dollar today for several hours before returning to the levels below this important psychological rate. The yuan reference trading rate was…
Russian Ruble Appreciates Despite Central Bank Intervention
The Russian continued to rise against the US dollar and stabilized against the euro today, following the exceptional intervention measures conducted by the central bank. Bank Rosii (the country’s central bank) released Russiaâs International…
AUD Jumps to New Record Maximum vs. USD
The Australian dollar continued its 3-day race against its US counterpart today, following the dovish FOMC statement and in expectance of the interest rate hike in Australia. The Aussie rose against the greenback by about…
Dollar Closer to 2009 Highs as FOMC Plans No Rate Hikes
The US dollar continues to hold its position of the main Forex news headliner as the FOMC hinted that they consider the inflationary fears are unjustified, offering no plans for credit policy tightening.…
The Japanese yen declined against every other Forex-traded currency, including the depreciating US dollar today as the country’s sovereign debt rating outlook was revised by one of the major rating agencies. The Japanese…
Dollar Falls Farther Against Euro on Stock Market Rally
The US dollar is declining all other major currencies except the Great Britain pound as the consumer optimism rises better than expected and the US stock market rallies. The greenback fell for the sixth…
New Zealand Dollar Rises, Signaling Carry Trade Return
The New Zealand dollar reached a new a new 3-year high against the greenback today and appreciated against the Japanese yen, showing that the carry trade tendencies are growing stronger now. The kiwi…
Swiss Franc Sets New Records on Continued Positive Sentiment
The Swiss currency reached a new all-time record against the US dollar and did well against the other major currency pairs today, as the market participants continued to base their positions on the positive monthly…