The Australian dollar declined to its lowest value against the U.S. dollar since July today after the central bank statement said that lower inflation may allow…
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CAD Loses on U.S. Economy Slowdown
The Canadian dollar continued its strong bearish trend today against the U.S. dollar as the currency traders began to realize that the commodity prices wont hold up if the worlds biggest…
Stocks Decline Spurs Yen Gains on Forex
The Japanese yen rose to its two-week high level against the euro and one-week against the Great Britain pound today as the stock markets tumbled yesterday in U.S.…
ZAR Trades Near 6-Month High vs. Dollar
The rand of South Africa traded near its 6-month highest value against the U.S. dollar today before and after the report that showed acceleration in the producer…
Australian Dollar Falls on Housing Decline
The Australian dollar fell today to the the one-month lowest level against the U.S. dollar after the report of unexpected drop in housing approvals in June. The Aussie repeats…
Building Approvals Slump in New Zealand
The New Zealand dollar fell significantly against the other currencies today after the release of the report that showed that the home-building approvals in the country declined…
Dollar Falls vs. Euro, Yen on Recession Fears
As the investors feared that the U.S. financial institutions will continue to lose on the credit crunch and the oil prices rose, the U.S. dollar declined from its…
Yen Gains versus Euro on Stocks Decline
The Japanese yen gained against the euro and other currencies on the Forex market today, making this week the first bullish one since May, as the stock…
NZD at Lowest since January on Rate Cut
The New Zealand dollar fell to its 6-month low level against the U.S. dollar after the Reserve Bank of New Zealand cut the interest rate by a quarter percent…
Pound Drops on Blanchflower’s Comment
The Great Britain pound fell today against its major counterparts after the private report on July house prices decline and the commentary made by the Bank of England…