The New Zealand dollar jumped today after the Reserve Bank of New Zealand maintained its interest rates yesterday and signaled that the good health of the nation’s economy can lead to higher rates…
The Australian dollar advanced today against the US dollar and the euro as the Asian stocks climbed, but the currency is still heading to a weekly decline as concerns about the European economy sapped appeal of higher-yielding…
The South African rand dropped today as the optimism about the European banking system quickly waned, spurring investors to draw money out of riskier assets. The global funds sold $1.4 billion of South…
The US dollar fluctuated as the mixed fundamental data left Forex traders uncertain will the US economy face recovery or recession. The currency was falling yesterday, but at the start of today’s trading session…
The Swiss franc rose today even after the Swiss National Bank left the benchmark interest rate at zero at pledged to maintain the peg of the nation’s currency to the euro. The central bank wrote in the monetary policy…
The Russian ruble climbed today, rebounding from the lowest level in eight months against the US dollar, as crude oil gained and the European Central Bank announced its plans to boost liquidity, bolstering…
The South African rand strengthened today as the European Central Bank announced it’s planning to lend dollar to the European bank in an effort to support the European banking system and to boost liquidity. The ECB announced it’s…
The Canadian dollar fell today, trading within one cent of parity with the US dollar, as copper and crude oil prices declined on the signs the global economic recovery is faltering. Crude oil,…
The Australian dollar fell today on the speculation the revised method of the inflation calculation will cause the central bank to refrain from raising the interest rates. The Australian Bureau of Statistics changed its method of calculating…
The Indonesian central bank intervened, selling dollars, to support the Indonesian rupiah that was weakened by the pessimistic outlook for the currencies of the emerging markets. Hartadi Sarwono, Deputy Governor of the Bank Indonesia, said in the interview…