The U.S. dollar declined today against the euro, extending its weekly drop, as the chances for the Federal Reserve to increase the interest rates next week became…
Posts published in “News”
Swiss Franc Lower after Rate Decision
The Swiss National Bank decided to keep the countrys main interest rate at its 6-year highest value facing the risks of both a higher inflation rate and a slower economic growth.…
Rupee Falls on Oil Demand Speculations
The Indian rupee showed a weakening today at the Forex market as the speculations that the domestic companies will have to buy oil rose in the country. As the commodities prices stopped falling today on the global markets the fears…
Yuan Appreciates beyond 6.9 per Dollar
The Chinese yuan extended its gain against the U.S. dollar today reaching the 20 percent appreciation since the end of the peg in 2005 as the new meetings of the U.S.…
Yen Falls as Carry Trade Attracts Traders
The Japanese yen fell significantly today against the other major world currencies as the fast growth on the Asian and European stock markets attracted more participants to the…
Paulson, Lagarde, Kudrin Support USD at G8
The finance ministers from the Group of Eight nations confirmed their position in the favor of a stronger U.S. dollar at the meeting in Osaka, Japan today. The U.S. Treasury Secretary…
U.S. Dollar Headed for Record Bullish Week
The U.S. currency is heading for its biggest weekly gain since March 2005 against the European currency as the dollar benefits both from past Bernankes statements and the current…
Aussie Falls on Employment Drop
The Australian dollar fell to its one month low against the U.S. currency as the jobs dropped in May for the first time since October 2006 and the traders…
Dollar Gains on Retail Sales Expectations
The U.S. dollar rose against euro, pound and yen today, rebounding from the yesterday drop, as the market strategists expect a good report on the U.S. retail sales…
Chilean Peso Drops as Risk Aversion Grows
The Chilean currency suffered a large daily drawdown today as the declining stock markets around the world pressed on the investors to sell their high-yielding assets including emerging economies currencies. The stock markets were…