Many experts and policymakers are watching today for the announcement that the Chinese yuan (also called the renminbi) will be added to the IMF’s Special Drawing Rights basket. The IMF uses a basket of currencies,…
US dollar index is higher today, thanks in large part to the continued struggles of the euro. With the dollar index above 100, many are looking to see if it reaches the highs…
During the past trading week, the euro was down against the US dollar and the Japanese yen, mostly flat versus the commodity currencies, but managed to gain on the Great Britain pound and the Swiss franc.…
The Swiss franc slumped to the lowest level in ten months against the US dollar and the Japanese yen today. The currency also sank against its other major peers. The reason for the drop were speculations…
The Japanese yen was mixed today, falling against the US dollar but rising against some other major rivals, like the euro. The divergent performance could be explained by the varying economic…
The Chinese yuan dropped against the US dollar today as the Chinese stock market crashed after regulators expanded their probe on brokerage firms. According to Reuters, Chinese regulators extended their probe…
The Canadian dollar was little changed during Thursday’s quiet trading. The currency fell versus the US dollar intraday but is trading near its opening level currently. Falling prices…
The euro fell against the US dollar and the Japanese yen and erased its earlier gains versus the Great Britain pound during the Thursday’s quiet trading session as speculations about monetary stimulus from…
The Australian dollar dropped today as Australia’s economic data released during the current trading session was not impressive at all. The currency fell for the first day in three against its other major…
The Brazilian real dropped today after data that showed an increase of the current account deficit. Yesterday’s decision of the nation’s central bank to keep monetary policy unchanged was also unsupportive to the currency.…