The US dollar weakened today against most other major currencies after the unemployment claims unexpectedly surged and other reports signaled that the economic recovery in the US is slowing. The report about…
The Malaysian ringgit advanced today after Malaysia’s economy posted the faster-than-expected growth and the central bank relaxed foreign-exchange controls. The nation’s economy grew 8.9 percent last quarter, compared to the forecast value…
The Great Britain pound rose today versus other major currencies as the nation’s budget shortage in July was smaller than expected. The UK budget posted the deficit of 3.17 billion pounds ($5…
The Canadian dollar rose as the North American stocks rallied after the hostile bid for the Potash Corp. by the BHP Billiton Ltd., which increased the appeal of the growth-linked assets. The future for crude oil, Canadaâs main…
The Japanese yen rose today as the renewed concerns that the recovery of the global economy is losing the traction fueled the demand for the safer assets. The experts say that Federal Reserve is expected to increase…
The Australian dollar fell today against the Japanese yen on the speculation that Japan’s central bank will refrain from curbing the yen’s gains and after Australia’s wages growth slowed. The Aussie also…
The Thai baht went up today on the speculation that the fast growth of the Asian nations would attract more investors to the region, increasing the appeal of the Asian currencies. The central banks of some Asian nations,…
The Japanese yen dropped today as the rally of the global equities damped the demand for the safer currencies and on the anticipation of the intervention by the central bank. The Standard & Poorâs 500 Index and the MSCI Asia Pacific Index of shares…
The Canadian dollar strengthened today as the gains of the global stocks and the rising oil prices spurred the demand for the currencies related to the economic growth. The Standard & Poor’s 500 Index rose 1.6 percent and The MSCI…
The Australian dollar rallied against its US counterpart today after the Asian stocks rose, increasing the demand for the riskier higher-yielding currencies, and on the improving outlook for the global economic growth. The MSCI Asia Pacific…
The South Korean won jumped today on the speculation that the central banks of the Asian nations would raise the interest rates, attracting more investors to the region. The Bank of Korea expected to allow the won appreciate…
The Malaysian ringgit fell today on the concerns that the global economic recovery is faltering, hurting the export-driven economies of Asia. The Japanese gross domestic product expanded by only 0.1 percent, less than…