The United Arab Emirates government has established a new committee, which purpose is to study the possibility of scrapping the dirhams peg to the U.S. dollar and the reasons to maintain this…
Posts published in “News”
Pound at New All-Time Low vs. Euro
The currency of the United Europe reached a new record high level against the British pound today as the estimate for the consumer inflation in Eurozone rose unexpectedly in March.…
The Reserve Bank of New Zealand Governor, Alan Bollard, said yesterday that he wont be reducing the countrys key interest rate from its record high value in 2008, because the national…
Won Heading for More Losses
The South Korean currency is heading for more losses as the government is searching for ways to support the exporting companies and the economic growth. The won is the second…
U.S. Dollar Steady Ahead of GDP Release
The U.S. dollar is trading higher than its yesterdays close level now as the investors are waiting for the fourth quarter GDP data to be released today. The final value…
Pound Falls on Account Deficit
The commentary on the current account deficit in United Kingdom pulled the Great Britain pound down today, as it added one more reason for the British currency to be less favored…
Australian, N.Z. Dollars Rise for Second Day
Both Australian and New Zealand dollar continued to rise today after the yesterdays fast growth as the investors remained confident in the stock markets improvement and in the carry trade.…
Yen and Franc Decline on Rising Stocks
The Japanese yen declined today from its recent high values against the U.S. dollar, pound and euro as the global stock markets gained and the high-yielding assets looked more attractive than on the last…
Indian Rupee Appreciates on Market Revival
The Indian rupee rose significantly today on Forex as the markets were restoring from the recent sharp fall and the economies of the developing countries started to receive more…
Chilean Peso Falls on Lower Copper Price
Chilean peso fell from its recent record high value against the U.S. dollar yesterday as the copper price slid down significantly on the global concerns of thedecveloped economies slowdown.…