Posts published in November 2015

Chinese Yuan Poised to Join Reserve Currency Basket

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,…

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Euro Ends Week Mixed, Waits for ECB

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.…

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Swiss Franc Sinks to 10-Month Low vs. Dollar & Yen

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…

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Yen Mixed amid Divergent Economic Data

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…

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Economic Data Stops Aussie’s Rally

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…

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Brazilian Real Falls as Current Account Deficit Widens

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.…

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