The U.S. dollar dropped to the weakest level during the last 6 weeks against the European currency as the worlds stock markets rallied despite the delay in the U.S. automakers…
Posts published in “News”
Yen Stops Growth on Stock Markets Optimism
The Japanese yen is showing another negative trading day this week as the currency traders follow the stock market optimism and buy the currencies associated with the…
AUD Falls on Weak Business Confidence
The Australian dollar declined today against the U.S. dollar and the Japanese yen as the countrys stock markets fell after the report on the November business confidence came…
Yen Drops as Stock Markets Rally
The Japanese yen went down rapidly against the other currencies today as the European and Asian stock markets rallied on expectations for the effect from the global…
Russian Ruble Near 3-Year Low vs. Dollar
The Russian central bank widened the trading band for the ruble today as the Russias main exports — crude oil and metals continued to depreciate on the global markets. The Bank of Russia allowed the ruble to depreciate by 30 kopecks today at the beginning…
Swedish Krona Near 5-Year Low on Rate Cut
The Swedish krona advanced its yearly low levels against the U.S. dollar today as the countrys central bank surprised the market participants with the biggest rate cut in the…
Euro Near Weekly Lows before Rate Decision
The euro declined today against the U.S. dollar, almost snapping the yesterdays gain, as the traders expect the weak data on the Eurozone retail sales after PMI shrank…
Pound Loses for Third Day Despite Correction
The U.K. pound continued to fall against the U.S. dollar and the Japanese yen today, despite the correction seen in some other dollar- and yen-based currency pairs,…
Chinese Yuan Depreciates to July’s Levels
The Chinese yuan fell to the weakest level since August today as the countrys government continued to manipulate its currency before the scheduled meeting with the U. S. Treasury Secretary. The…
Dollar to Post Weekly Decline against Euro
The measures proposed by the U.S. government to support the national financial system and the optimism that followed the announcement of Obamas economic team caused the U.S. dollar…