Posts published in March 2013

The Hungarian forint dropped today on signs that the nation’s central bank will expand its foreign-currency reserves as a way to boost the economy. Gyorgy Matolcsy, the former Minister of Economy, was appointed as the new…

The Indonesian rupiah fell today after data showed that inflation accelerated more than was expected by analysts, threatening the nation’s economy. Indonesian consumer prices jumped 5.31 percent in February,…

The Japanese yen rallied this week amid fears caused by the election in Italy and the threat of automatic budget cuts in the United States. The rally surprised some investors as they have expected that the currency…

Yen is gaining against high beta currencies today, thanks in large part to concerns about the global economy. A bit of safe haven demand has emerged, and that usually means a higher…

European data released earlier is disappointing, and concerns about the situation are prompting gains for the US dollar. Even though the US economy is recovering at a sluggish pace, and even though the sequester…

The South African rand declined today as the nation’s trade balance deficit widened more than experts have predicted, driving investors away from South African assets. The South African trade…

The Great Britain pound dropped today after a report showed that the manufacturing sector unexpectedly contracted last month. The currency reached the lowest level since July 2010 against the US dollar.…

The Australian dollar gained today on speculations that the Australian central bank will pause interest rate cuts to gauge the impact of the accommodative monetary policy on the economy. Earlier, the currency was falling amid…

The US dollar fell against some currencies, including the euro and the pound, but rose against others, including the yen, today. The US currency ended the month as the best performer, supported by fears of global…