The Chinese yuan was flat today, but may yet fall as the trading environment was negative for the currency after the People’s Bank of China reduced its reference rate and concerns about the global…
The Japanese yen gained yesterday and extended its rally today as some Japan’s politicians were speculating that the recent huge drop of the currency was overdone. The yen was also strong on negative…
The Canadian dollar held steady against the US dollar and maintained its gains versus the euro even amid negative news that hurt the market sentiment. The currency lost to the Japanese yen yesterday…
US dollar is seeing a boost today, practically across the board, on the Forex market. Most of the dollar’s strength is coming from uncertainty surrounding the upcoming fight over the debt ceiling. Once…
Euro managed to firm against the US dollar earlier in trading, but now the euro is lower in general as concerns about the global economy come into focus and as risk assets lose their…
The Australian dollar dropped today ahead of employment data later this week. Analysts think that the employment report will show weakness of the labor market, adding to signs of trouble in the nation’s economy.…
As many Western countries start thinking about how they can borrow more at a lower cost, it might be possible that these governments turn to so-called “panda” bonds. China…
US dollar is gaining ground as risk aversion makes an appearance. Earlier, it appeared that risk appetite was the order of the day, but things have since turned around, and the greenback…
The Indian rupee advanced today as inflation slowed to the lowest level in three years, leading to speculations that capital inflows into the country will increase and demand for the nation’s currency will grow. The Wholesale…
The South African rand advanced today after five days of losses on speculations that the drop was overdone and after yield on nation’s debt fell. The yield on the benchmark 10.5 percent bonds maturing…