The Japanese yen gained against its major currency counterparts on the global Forex market today as the stocks fell and the demand for the Japans currency rose. The…
Posts published in “News”
Canadian Dollar Declines for Fourth Day
The Canadian dollar declined today against its U.S. counterpart for the fourth straight day as the oil prices continued to fall globally. Following the expiration of the January crude oil futures the price has briefly…
Pound Down vs. Euro, Dollar, Yen
The British pound fell against the other major currencies today, most notably against the euro, as the market participant expect that the Bank of England will continue…
Ecuador to Continue Using U.S. Dollar
The President of the Republic of Ecuador, Rafael Correa, said yesterday that the U.S. dollar will remain as the countrys main currency as the economic crisis offers harsh times for…
Japan Slashes Rates, Yen Grows
The yen advanced against all other major currencies today after the Bank of Japan announced a rate cut to a near-zero level and the investors ran from the risky…
Yen Down on Intervention Concerns
The Japanese yen posted its first daily drop against the U.S. dollar after 5 days of gains as the Japans Finance Minister said that the currency intervention will be used…
Aussie Reaches 2-Month High versus Dollar
The Australian dollar rose slightly against the U.S. dollar and reached a new 2-month high level today as the dollar still suffers from the near zero interest…
Chilean Peso Strengthens on Dollar Weakness
The Chilean currency appreciated to its monthly high against the U.S. dollar yesterday, as the greenback experienced a downfall against the high-yielding currencies and the peso performed better…
Dollar Down before Fed Rate Deciosion
The U.S. dollar continued to go down today against the euro and the yen as the traders expect a rate cutting decision from the Federal Reserve and the bailout…
Yen at Century High as Carmakers Bailout Fail
The stock markets fell down greatly today pushing the Japanese yen up to its highest level since mid 90s against the U.S. dollar and the Great Britain pound…