The South Korean won rose today against the US dollar as speculations that Greece will receive aid increased demand for higher-yielding assets. The South Korean Kospi index rose 2.3 percent…
The New Zealand dollar jumped today against its US counterpart to the all-time high as business confidence improved to the highest level in almost a year, boosting outlook for interest rates. The National Bank of New…
The US dollar dropped this week against most major currencies as the macroeconomic data was terrible, reducing attractiveness of the currency as a safe asset. The global economic situation wasn’t very favorable for the dollar.…
The Canadian dollar fell against most major currencies and headed for the fourth straight weekly decline against its US counterpart as the sings of the economic slowdown in the US, the biggest Canada’s trading partner, reduced…
The US dollar extended its drop against most major currencies today as the economic data showed that US consumers were spending less than expected last month and pending home…
The South African rand rose today against the US dollar as the nation’s economic recovery remains strong, while the US recovery is stalling. Deputy Governor Daniel Mminele said that South…
The South Korean won gained today as the nation’s current account surplus advanced to the highest level in four months in April, increasing demand for South Korean assets. The Bank of Korea reported today that…
The euro strengthened against the US dollar today as the stream of bad news calmed, signaling that the economic environment stabilizes. The currency slipped against the Japanese yen before rebounding. The Greek government announced…
The US dollar fell as the negative economic data spurred talks that the US Federal Reserve will lag behind the European Central Bank in increasing interest rates. The preliminary report showed that…
The New Zealand dollar surged today on the speculation that Chinese companies are interested in buying the New Zealand assets. Interest.co.nz said that China Investment Corporation, a sovereign wealth fund, is…