The Chilean peso became the worst performing currency in the last three months as the inflation soared and the central bank kept supporting exporters. The peso dropped 11.8 percent against the U.S. dollar during the last three…
Posts published in “News”
Rand Goes for a Fifth Weekly Gain
The South African currency headed for its fifth straight weekly growth against the U.S. dollar today as the traders speculated on the higher demand for the local…
Yuan Declines for a First Time since Monday
The Chinese yuan showed the first declining day since Monday on Forex today as the traders were driven by the speculations that the government will let national currency…
Markets Expect Further Losses from Banks
The U.S. dollar fell against the Japanese yen today for a second day as the global financial markets expected the U.S. banks to report further losses and decrease…
AUD Gains on U.S. Credit Market Losses
The Australian currency rose its highest value in last 25 years against the U.S. dollar as the credit markets continued to lose on the mortgage lending crisis in the United States.…
Dollar Gains against Yen, Euro, Pound
The U.S. dollar showed the first daily growth against the euro in last four trading days after the U.S. Treasury Secretary Henry Paulson announced the governments funding…
Indian Rupee Heading for Weekly Gain
The Indian rupee is more likely to end this week in a positive zone against the U.S. currency as the investors expected that the companies good reports will attract traders…
Chinese Yuan at New High vs. Dollar
The Chinese yuan continued its general appreciation trend today and rose against the U.S. dollar and other major currencies as the traders believed that the central…
Australian Dollar Fell on Less Home-Loans
The Australian dollar declined today on Forex during the Asian trading session after the report on home-loans showed a massive decline in the sector and the consumer sentiment index…
Yen Advances on Stocks Downfall
The Japanese yen rose against all other major currencies today on Forex as the stock markets declined in Asia and Europe, while the investors became concerned about more…