The U.S. dollar declined today during the Asian session against other major currencies as the traders realized their profit, closing out long positions, and turned down…
Posts published in “News”
Atlanta Fed Chief Prefers Current Rates
Dennis Lockhart, Federal Reserve Bank of Atlanta President, said that he prefers the current interest rate as the uncertainty regarding the growth and inflation prevails in U.S. He thinks that…
China’s Yuan Heads for 4th Weekly Loss
The Chinese yuan is currently heading for its fourth weekly decline against the U.S. dollar for the first time since the end of the peg to dollar in 2005.…
Pound at New Record Low in Almost 2 Years
The Great Britain pound rose today against the U.S. dollar for the first time in the last 10 days after reaching a new bottom level since the mid…
Poland Needs to Adopt Euro More Urgently
According to Regional Development Minister of Poland Elzbieta Bienkowska, euro should be adopted as soon as possible because zlotys appreciation partially eliminates the value of the financial aid made by European Union and…
Aussie and Kiwi Continue Bearish Trend
Both Australian and New Zealand currencies continued to fall against the U.S. dollar today as the traders confidence that the central banks of those countries will cut interest…
Recent Dollar Gain May Mean Big Drop Soon
The recent fast growth of the U.S. dollar against the euro doesnt mean that its out of the long-term bearish trend. Slowing economy and the risk of rate cuts even…
Euro Drops to 5-Month Low on Rate Outlook
The euro fell to its five-month lowest level against the U.S. dollar as the investors traded on the high probability that the ECB wont be raising interest rate as the economy…
Yuan Falls as China to Control Money Inflow
The Chinese yuan fell against the U.S. dollar for the third day this week as the government tightened control over the illegal capital inflow into the…
Euro Grows, ECB May Signal Inflation Risk
The euro rose today against the U.S. dollar and other major currencies on Forex after a quite deep decline that was observed yesterday, as the traders expect ECB…