The U.S. dollar may probably slow down in its currently strong bearish trend against the other world currencies after the G7 meeting participants expressed their concern about…
Posts published in “News”
Chile to Buy U.S. Dollars to Weaken Peso
The Central Bank of Chile will be buying the U.S. dollars in 2008 in order to stimulate the economy by the weaker national currency. This year, starting April 14 Chiles central bank will be buying…
Chinese Yuan Closes Below 7 per Dollar
The Chinese yuan ended the domestic OTC trading session today below 7 yuan per U.S. dollar level for the first time since the end of the peg…
BoE Cuts Rate, ECB Holds again
Both Bank of England and the European Central Bank acted as expected today during their monetary policy meetings BoE cut the interest rate to 5.00% and ECB left them unchanged at 4.00%. Facing…
Yen Steady on Forex after Rates Unchanged
The Japanese yen is holding steady on the Forex market today after interest rate was left unchanged at 0.5% and the stock markets fell slightly. The new head…
Pound Slides as House Prices Fall 2.5%
The Great Britain pound fell sharply today against dollar, euro and yen as the house prices fell in March by 2.5%, indicating that the countrys mortgage market slump is not over yet. Halifax House…
ZAR Gains on Rising National Reserves
The South African rand grew today against the U.S. dollar (and the other world currencies too, because dollar is rising today) as the report showed an increase in the…
Dollar Aimed for Weekly Gain over Yen
The U.S. dollar is heading for the fastest weekly gain in more than four years versus the Japanese yen as the financial markets get a feeling of relief from the…
Canadian Dollar Continues Appreciation
The Canadian dollar continued its two-day growth against the U.S. dollar and the Japanese yen today, as the commodity markets showed that are still able to grow.…
Dollar Stops Its 2 Days Growth
The U.S. dollar stopped its 2 days growth period and started to go bearish against other currencies today after the Asian trading session ended. Investors attention turned to the…