Posts published in October 2013

Thai Baht Rallies, Loses Gains

Asian currencies rallied today as the debt crisis in the United States was resolved, at least temporary. Some of them kept gains, other retreated. The Thai baht was among losers. Riskier currencies…

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Won Rallies as Investors Buy South Korean Shares

Investors were buying South Korean stocks more than they were selling, resulting in improving prospects for the nation’s economy and a rally of the won due to the inflow of capital. According to the exchange data, speculators…

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Aussie Halts Rally Despite Positive News from China

The Australian dollar, as well as other currencies, came roaring to the upside against the US dollar yesterday as a political deal was made that ends the US government shutdown and raises the debt ceiling. The Aussie…

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CAD Jumps vs. USD, Drops vs. Other Majors

The Canadian dollar jumped against its US counterpart yesterday as temporary measures to avert default in the United States were taken. At the same time, the loonie slumped against other currencies, including the euro…

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