The South Korean won strengthened today on speculation that China will let the yuan appreciate, bolstering the economy in Asia and increasing the inflow of the global funds in the region; also the easing concern about the Goldman…
The South African rand dropped as the widening investigations about the activities of the Goldman Sachs Group Inc. caused the investors to sell their high-risk assets amid the growing confusion and distrust in the markets. As more and more…
The Polish zloty declined after the central bank’s intervention to prevent further appreciation, yet the currency remains “too strong” in Deputy Finance Minister’s opinion. The quick appreciating harmed the Polish exporters by making…
The Canadian dollar continues its decline as the charge for fraud against the Goldman Sachs Group Inc. made the investors to shun the higher yielding assets, causing the prices for some commodities and the stocks to decline. The prices…
The Australian dollar’s rise to parity with its U.S. counterpart stalled on the speculation that the central bank may increase the interest rates with the slower pace as China is likely to plan the revaluation…
The Japanese yen jumped unexpectedly against the U.S. dollar, the euro and most other majors by the end of this week as the drowning risk sentiment prompts the investors to look for the safer currency. The greenback has lost…
The Australian dollar plummeted against its U.S. counterpart today after the U.S. stocks went down as the demand for the higher-yielding assets fell, driven down as the Goldman Sachs Group Inc. was sued for the fraud.…
The Canadian dollar tumbled today against its U.S. counterpart, erasing the previous gains, and versus the euro after the crude oil’s prices fell and as China is going to cool its economy and put…
The U.S. dollar gained today, benefiting from the rising demand for the safer currencies after the meeting of the European Union’s minister to discuss measures, required to fight the budget deficits, and as China plans to let its…
The Great Britain’s pound rally against the U.S. dollar halted and its gains versus the euro snapped today as the concern that the forthcoming parliamentary election will result in the stalemate renewed with the greater…
The Chinese yuan rose against the euro today on the speculation that the nation’s expanding economy will encourage the policy makers to allow the appreciation of the China’s currency. The economic expansion was helped mainly by the stimulus…
The Canadian dollar trades near parity with its U.S. counterpart as traders shored up bets before the meeting of the nationâs central bank to determine the interest rates, occurring next week. The relatively…