The Chinese yuan traded almost unchanged in price against the U.S. dollar today after posting a significant gain yesterday on speculations that the central bank will reduce the…
Posts published in “News”
Yen Continues Rising as Global Markets Fail
The Japanese yen continued to grow against the major currencies today as the early stock market trading shows no sign of the optimism that was expected from the Freddie…
Pound May Fall 20% More before 2009
The Great Britain pound returned to its declining trend today even after the big positive opening gap this week. Analysts believe that this year may become…
Yen Gains This Week on Global Stock Decline
The Japanese yen showed a record fast growth against the major currencies this week as the stock markets declined worldwide and investors favored the low-risk assets in Japan,…
Dollar Grows as Hurricane Gustav Weakens
The U.S. dollar rose today to its new maximum level in almost seven months against the euro as the crude oil prices declined after it became obvious that the…
Euro Rose on ECB Rate Signals
The euro rose today against the dollar and yen for the second day and for the third day against the Great Britain pound after the…
Yen Declines as Investors Buy Assets Abroad
The Japanese yen fell from its more than two weeks maximum against the U.S. dollar today as the Japanese investors sought to buy foreign assets after their…
Dollar Goes Down on Credit Market Losses
The U.S. dollar declined at a fastest pace in a month against the Japanese currency today as the credit market losses extended and the Federal Reserve probably wont be able to raise the…
Pound Fell vs. USD, Euro before BoE Minutes
The Great Britain pound traded lower before the Bank of Englands release of the monetary policy minutes today. After the release, pound continued to slide down against both the greenback and the euro. The U. K. currency…
Pound Falls Against Dollar and Euro
The Great Britain pound fell almost to its recent 2-year low against the U.S. dollar today as the member of the Bank of England monetary policy committee forecasted that…