The New Zealand dollar fell against the US dollar today as risk aversion caused by poor macroeconomic data from China hurt demand for commodity-linked currencies. The kiwi also sank versus the Japanese…
The Japanese yen jumped against the US dollar to the highest level in a week today as poor economic news from the United States resulted in speculations that the Federal Reserve will postpone the next round…
The Brazilian real fell today even though the nation’s central bank will likely continue raising interest rates to combat growing inflation. This is an unusual stance among central banks,…
The Turkish lira continued to fall today to new record lows for ninth straight session, demonstrating the longest string of losses since 2001. The big slump made the central bank to intervene to stem the decline,…
Greenback is heading lower today, dropping as economic news softens and results in speculation that the Fed’s taper won’t move forward at a rapid rate. The latest weekly unemployment claims data in the United…
The Thai baht continues to show tremendous weakness as the political crisis in the country continues to escalate, making investors to take their money away from the country. Thailand’s Prime Minister Yingluck Shinawatra declared…
The Australian dollar dropped today after a report showed an unexpected contraction of the Chinese manufacturing sector. The data made investors worried about growth in the Asian economy and made them less willing to buy…
The Japanese yen was weaker today after the Bank of Japan maintained its monetary stimulus at today’s policy meeting. The drop was not particularly big against the US dollar and the yen was…
The Canadian dollar sank today, dropping to new multi-year lows versus the US dollar and the euro, after the central bank maintained its key overnight rate unchanged and signaled that an interest rate…
Even though the eurozone debt dropped for the first time in almost six years, and even though a recent poll shows that 57 per cent of investors feel that the worst is over…