The Russian ruble posted gains against the U.S. dollar for the third day in a row, as the demand for oil increases, causing the Russian stock market to have the highest rally since the beginning of the global slump. Since…
Posts published in “News”
Dollar Slides as GM May Announce Bankruptcy
The dollar fell against currencies in Asia in the beginning of this weeks session, as General Motors may file for bankruptcy this Monday. General Motors Corp. a company which was once…
Canadian Dollar Had Highest Monthly Gain in 60 Years
A combination of factors involving commodities price rebound, stocks rally and a less attractive U.S. dollar in global markets made the loonie to post the highest gains since the Korean…
British Pound Climbs as House Prices Rebound
The pound sterling rallied against the dollar and the yen after a report on house prices revealed an unexpected rise in May, boosting confidence among investors that the real…
The month of May posted the biggest losses for the U.S. currency in a one-year period against the euro, as equities markets continue to rise on optimism about improvements in the global…
The yen hit a 8-week low against the dollar and also lost ground against the euro, as Japanese investors, driven by a new wave of confidence on world markets, return to overseas investments. The Ministry of Finance in Japan…
The Brazilian currency had the sharpest rise in seven days after the countrys first current account surplus in 19 months was posted this week, pushing the national equities market…
Yen Slides on U.S. Economy Recovery
After a rebound in the North American consumer confidence, Asian stocks rallied, decreasing demand for safer investments such as the Japanese yen. The yen lost ground against currencies…
Yuan Falls as China Doesn’t Want Appreciation
The Chinese yuan declined at a fastest pace during the last two months as the countrys central bank lowered the reference exchange rate to stimulate the exporting industry. The Chinas yuan…
The Japanese yen declined against the U.S. dollar and the euro as the North Korea tested its nuclear bomb, increasing the political tension in the region and…