Yen’s Rally Raises BOJ Concerns

After the yen touched a 14-year high this week versus the greenback as the Bank of Japan did not discussed the currency fluctuations, finally concerns emerged, as the current levels could be high enough…

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Dubai Debt Makes Another Victim: Canadian Dollar

The Canadian dollar, which gained sharply versus the greenback on the beginning of the week, plunged since yesterday as Dubai World, a government owned investment company is trying to delay its debts payments, bringing…

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South African Rand Down on Commodities, Dubai Debt

TAfter Dubai announced that it intends to delay debt payments, emergent markets and commodities fell worldwide, declining attractiveness for the South African currency in foreign-exchange markets this Thursday. Emergent markets…

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Hungarian Forint Down on Dubai Debt

The Hungarian currency had its sharpest fall in a month after Dubai announced that it’s likely to delay debt payments, declining attractiveness for emergent markets less appealing currencies in Central and Eastern…

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Swiss Franc Down on Central Bank Speculations

After touching parity and gaining further versus the U.S. dollar, the Swiss franc declined today versus virtually all 16 main traded currencies, as speculations indicate that the national central bank…

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Yen on Decade Record High on BOJ Positions

The yen gained versus virtually all currencies as speculations indicate that further climbs for the Japanese currency will be accepted by the nation’s central bankers, setting the currency to the highest level in 14…

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Mexican Currency Up on Domestic Reports

After a series of positive domestic reports, the Mexican currency extended its previous gains climbing further versus the U.S. dollar as investors are more confident to invest in the Latin American nation. The peso…

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Canadian Dollar Rises on Russian Bets

The Canadian dollar touched the highest price in a week after the crude oil advanced today and Russia affirmed that it will add the Canadian currency in its reserves, raising attractiveness for the loonie in trading…

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Dollar Down as Fed Remains Silent on Decline

The dollar had another severe fall today declining to the lowest level in 2009 versus the euro as the Federal Reserve has not yet made any statements against the current decline for the nation’s currency,…

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Australian Dollar Rises on Official Comments

The Australian dollar had a sharp rally today versus most of the 16 main traded currencies after a government official made positive comments regarding the future outlook of the Australian economy, creating speculations…

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Yen Gains on U.S. Mediocre GDP Number

Risk aversion rose today favoring the Japanese currency after a U.S. gross domestic product report indicated a slow down in the quarterly growth, creating speculations that the nation’s recovery will take…

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Mexican Peso Advances on Fitch Ratings Cut

The Mexican peso rose after Fitch Ratings finally ended a speculations drama and cut the country’s rating one level, making the peso to grow as currently it is one of the cheapest currencies among…

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