The Russian rose today after crude oil, the main source of the nation’s revenue, gained and as the exporters converted their foreign currency earnings into the Russian currency. The Russian exporters exchanged their foreign…
The US dollar performed rather well against other major currencies this week, despite the concern for the US economy. In fact, actually the concern for the economic growth was one of the reasons the other currencies…
The Japanese yen weakened today against the US dollar and the Great Britain pound and traded near the opening level versus the euro as the traders consider the possibility of the intervention by the Bank of Japan in order to curb the currency’s…
The Swiss franc rose today against the euro on the speculation that the austerity measures would cripple the economic recovery in Europe and that the Swiss National Bank would raise the interest rates before the European…
The New Zealand dollar gained today against its US counterpart after the report showed that the retail sales grew with the fastest pace since 2007; the stocks rallied, adding to the attractiveness…
The euro halted today it four-day losing streak against the US dollar after Germany’s economy grew with faster pace than anticipated, suggesting the Eurozone economy is more stable…
The Japanese yen slipped today against most other major currencies after the central bank’s official said that they would closely monitor the currency’s movement, leading to the speculations that the central…
The Australian and the New Zealand dollars fell today after the jobless claims in the US rose unexpectedly and equities dropped, damping the investors’ willingness to risk and decreasing the appeal of the higher-yielding currencies. The initial unemployment claims…
The Chinese yuan fell today on the speculation that the signs of the deteriorating global economy may prompt the Chinese policy makers to limit the currency’s gains in order to prevent the damage to the exports, which the strong currency…
The Japanese yen declined today versus the euro and the Great Britain pound on the speculation that the policy makers would take measures to prevent the currency appreciation, which may hurt the nation’s recovery base…
The Canadian dollar fell versus the greenback today to the lowest level since July 22nd after the Federal Reserve suggested that the US economy would grow with slower pace, reducing the appeal…
The US dollar surged today versus the Great Britain pound and the euro as the signs of the global economy’s slowdown spurred the investors to look for the safer currencies. The yen outperformed the greenback as the concerns for the US economy made…