Posts published in “News”

Romanian Leu Hits Record High on New Prime Minister

The Romanian leu touched the highest level in three months versus the euro after the country’s parliament chose its new prime minister, lifting speculations that a political crisis could influence the country’s…

Read More

Russia’s Ruble Climbs Further as Oil Touches $75

The Russian currency benefited from another day of growing demand for the crude oil, providing support for the ruble to advance versus the euro, dollar and the pound, as the demand for energy rises in the coldest season of the year in the Northern…

Read More

Pound Falls Further on BOE Meeting Outcome

The pound declined for another day after policy makers agreed unanimously to extend stimulus in order to rescue the faltering British economy from the longest recession in the last decades, decreasing attractiveness for an already weakened…

Read More

Home Sales Optimism Sets Greenback to Record High

The U.S. currency touched a three-month high versus the European common currency as another favorable report, this time in the real estate sector, attracted more investment towards the recovering North American currency.…

Read More

Russian Ruble Rally Halted After OPEC Meeting

The Russian ruble, which gained during the past three days as the crude oil rates advanced globally, had its rally stopped today after decisions taken in an OPEC meeting in Angola, which…

Read More

Pound Suffers on U.K.’s Recession Numbers

The pound declined today versus the euro and the U.S. dollar as the Great Britain did not manage to find its way out of recession like multiple wealthy nations around the world already did,…

Read More

Emerging Market Currencies to Decline in 2010

As the market sentiment has shifted towards the end of this year’s trading session, emerging market currencies like the Brazilian real and the South African rand, which ranked among the top performers in currency…

Read More

Yen Down on U.S. Optimism

The Japanese currency started the week losing versus the greenback as the U.S. economy recovers, reiterating speculations that Fed stimulus may be lifted in a foreseeable future. The yen lost today specially versus…

Read More