The Indian rupee managed to gain today even amid the market sentiment that was negative to risky assets. The rally was caused by hopes that falling prices on raw materials will help…
Indian Rupee Gains as Commodities Weaken
April 18, 2013
Posts published in April 2013
Won Suffers from Global Economic Growth Concerns
April 18, 2013
The South Korean won declined today as concerns about global economic slowdown made investors pull their capital away from riskier assets. The downward revision of economic growth by the International Monetary…
Aussie Recovers After Big Drop
April 18, 2013
The Australian dollar recovered a bit today against the US dollar and the Japanese yen after yesterday’s big drop. The decline was caused by weakness of commodities and stocks that followed the International Monetary Fund’s…
Loonie Loses Strength as Growth Projections Lowered
April 17, 2013
The Canadian dollar dropped against safer currencies today as both the Bank of Canada and the International Monetary Fund revised negatively their projections of Canada’s economic growth. The loonie managed to outperform the euro. The Bank…
Dollar, Yen Rise on Safe Haven Demand
April 17, 2013
US dollar and Japanese yen are both gaining ground today, rising on safe haven demand. Concerns about the global economy are weighing on commodities and high beta currencies, and that is…
UK Pound Struggles after Unemployment Numbers
April 17, 2013
UK pound is struggling today, dropping as lackluster economic data continues to indicate that more stimulus is likely. This time, it’s about the unemployment numbers. The UK economy has…
Indonesian Rupiah Advances as IMF Boosts Japan’s Forecast
April 17, 2013
The Indonesian rupiah appreciated today as the International Monetary Fund boosted its forecast for Japan’s economic growth, improving prospects for Indonesian exports. The IMF increased its estimate for Japan’s growth this year…
Yuan Hits Record Ahead of G-20 & IMF Meetings
April 17, 2013
The Chinese yuan posted the biggest gain in four months and reached the record high today as the central bank raised the daily fixing and policy makers suggested that the currency will be allowed to trade…
AUD/JPY Extends Gains, AUD/USD Drops
April 17, 2013
The Australian dollar extended yesterday’s gains versus the Japanese yen and losses against the euro today. The currency weakened against the US dollar, paring the earlier rally. The market sentiment remained mildly positive,…
Euro Recovers After Huge Sell-Off
April 16, 2013
The euro climbed today, erasing yesterday’s decline versus the US dollar, as eurozone macroeconomic indicators were not that bad, while short-covering after the previous huge drop also helped to propel…