The Chinese yuan fell today as the central bank set the reference rate for the currency lower for the first time in six day after the European leaders failed to reach an agreement about measures for fighting the debt…
The Swiss franc gained today even after the Swiss National Bank announced yet another intervention. The explanation of such behavior is the fact that the Bank didn’t mention euro-peg, which it…
The Great Britain pound strengthened against most its major peers after the report showed that the consumer prices in the UK increased more than forecast last month. The government report showed…
The Canadian dollar weakened today as the decline of crude oil prices and the signs of slowdown of Europe’s economy reduced appeal of riskier currencies. The slower-than-expected growth of the German and the Eurozone GDP returned markets to risk-off mode.…
The Australian dollar fell today after the minutes of the policy monetary meeting weren’t been able to calm worries about possible interest rates cut by the Reserve Bank of Australia. The policy makers were…
The euro snapped its three-day rally today after the macroeconomic data showed Europe’s economic growth is slowing, intensifying concerns about the impact of the debt crisis on the Eurozone economy. The German GDP,…
This week wasn’t bad for the US currency even after the statement of the Federal Market Open Committee signaled that the nation’s central bank will debase the dollar for prolonged time. The FOMC stated…
The Swiss franc extended its losses as traders are worried that the Swiss government is ready to go for extreme measures to tame the excessive appreciation of the currency. Swiss National Bank Vice President…
The South Korean won rose earlier this day, bolstered by yesterday’s report about the US jobless claims, but later retreated on the inflation threat. Unemployment claims in the US declined from 402,000…
The US dollar fell today, heading for a second weekly decline, as the problems of the US and Europe makes traders less willing to invest in currencies perceived to be riskier. The currency of the South Pacific nations is…