The Japanese yen continued to fall today as Japan was not blamed for devaluing the currency at the Group of Seven and the Group of Twenty meetings last week. Japanese Prime Minister Shinzo Abe said: I’m…
Posts published in February 2013
South Korean Won Follows Yen in Decline
The South Korean won declined today on speculation that the government will push the currency down after the rally, following the example of Japan. There were talks ahead of the Group of Twenty meeting that…
G7 & G20 Meetings Do Not Prevent Yen’s Decline
The Japanese yen fell against most major currencies this week as there were no indications that Japan’s government will be prevented from weakening the currency even more. The yen…
Retail Sales Put Pressure on Sterling But Currency Resists
The Great Britain pound closed stronger, erasing the previous losses, on the last trading session of this week. The losses were caused by the report that showed decline of retail sales last month. Retail…
Yen Falls as G20 Meeting Starts
The Japanese yen slipped today against other major currencies amid rumors that Japan will not be blamed for currency manipulation on the Group of Twenty meeting. The two-day G20 meeting of finance…
Swedish Exporters Complain About Strenght of Krona
The Swedish krona fell today as exporters, who are already strained by the financial problems of the European Union, complained about the strength of the currency. Exporting companies said that the strong exchange rate diminish…
Canadian Economic Concerns Sends Loonie Lower
Once again, the economy is back in the spotlight for Canada. Worries about the Canadian economy have been increasing recently, and the latest manufacturing sales data isn’t helping matters. With the latest plunge,…
US Dollar Index Edges Higher on Improving Data
US dollar index is edging higher today, gaining ground on improved economic data. However, even with the earlier gains, against individual majors the greenback is mixed. Risk appetite…
Peso Down After Chilean Central Bank Maintains Interest Rates
The Chilean peso retreated today after the central bank left interest rates unchanged on its yesterday’s meeting as inflation was not high enough to prompt an interest rate hike. The Central Bank…
Olsen Speaks About Interest Rate Cut, Krone Down
The Norwegian krone fell today as the head of the central bank indicated that he may ease monetary policy as a measure to bring inflation, which was slowing due to the currency’s strength, closer to the bank’s…