The US dollar slumped today against most major currencies as non-farm payrolls came out worse that was predicted by analysts, fueling speculations that the Federal Reserve will refrain from…
The Indian rupee fell today, leading other Asian currencies in weekly decline, as comments of the US Federal Reserve did not alleviate fears of quantitative easing tampering, making traders unwilling to buy…
The Malaysian ringgit fell today and headed to the biggest weekly decline in more than a month as Fitch Rating cut the nation’s credit rating, driving investors away from the country’s assets. Fitch lowered…
The Australian dollar slumped against its US counterpart on concerns about quantitative easing tampering from the Federal Reserve. The currency advanced versus the Japanese yen as China’s manufacturing expanded last month.…
The Czech koruna gained today even as the central bank signaled that it may intervene to weaken the currency and spur inflation. The central bank left interest rates near zero at yesterday’s meeting.…
Even though risk appetite appears to be on the rise today, the US dollar is gaining ground. Greenback is heading higher as investors and others look to the future of possible Fed tapering, and compare…
Japanese yen is heading lower today, dropping against its major counterparts, as Japanese investors purchase overseas bonds and as the data out of China turns out to be better than expected.…
The euro sank against the US dollar after the European Central Bank maintained interest rates and suggested that monetary policy will remain accommodative for a long time. The currency managed to gain against…
The Great Britain pound jumped today after the Bank of England left its monetary policy unchanged and as manufacturing expanded in July faster than was expected by market participants. The BoE announced today…
The Canadian dollar rose against the Japanese yen today as positive fundamentals may encourage policy makers to tighten monetary policy. At the same time, the currency weakened against the US dollar. Signs of economic…