Posts published in January 2013

Yen Tumbles amid Persistent Deflation

The Japanese yen extended its tumble today, reaching the lowest level since June 2010 against the US dollar and the lowest since April 2011 versus the euro, as persistent deflation spurred talks…

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AUD Gains on JPY, Drops vs. USD & EUR

The Australian dollar rose against the Japanese yen today as Japan showed willingness to continue pushing its currency down. At the same time, the Aussie fell against the US dollar and the euro on concerns that…

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Pound Drops as UK Economy Contracts

The Great Britain pound fell today, retreating against the US dollar, reaching the lowest level since December 2011 against the euro and trimming its gains versus the Japanese yen after the report…

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Ringgit Falls on Concern over Currency War

The Malaysian ringgit fell along with other Asian currencies today amid worries that the intervention of Japan to weaken the yen will intensify the “currency war” as other nations may also attempt…

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AUD Gains on JPY, Retreats vs. USD & EUR

The Australian dollar rose against the Japanese yen for the first time after fourth straight sessions of decline as growth of China’s manufacturing increased the appeal of the Aussie. At the same time, the currency slumped against the US…

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GBP Drops vs. USD & EUR Ahead of GDP Report

The Great Britain pound dropped against the US dollar to lowest level since August and to the low not seen since February against the euro on concerns that tomorrow’s report will show that…

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