The euro rose against the dollar and the pound as concerns involving the swine flu have eased and the reported economic confidence in the region hit the…
Dollar Falls as Economy Shows Recovery
The U.S. dollar and the yen fell as signs that the recession could be ending attracted investors back to riskier assets, making the demand for refuge currencies, such…
New Zealand Dollars Weakens as Pig Flu Spreads
The New Zealand dollar, followed by its Australian counterpart, fell for the second day on fears that the swine flu may deepen the global slump, affecting tourism…
Yen Rallies Against Euro On Swine Flu Concerns
The yen, regarded as a refuge currency, hit a six-week high against the euro after the World Health Organization affirmed that the swine flu is spread and cannot be contained.…
Pound Weakens After Former UK Treasury Adviser Declarations
The pound had a bad start this week after former U.K. Treasury adviser Roger Bootle said that a depression might be coming for the national economy as house prices…
Spreading Swine Flu Pushes Yen Up
The yen hit a four-week high against the dollar as speculations suggest that the swine flu will deepen the global slump. In these times of crisis the yen has…
South African Rand Strengthens After Elections
The South African currency climbed this week against the dollar, after the African National Congress, the winning party, is expected to maintain the current economic policies in the…
Malaysian Economic Stimulus Pushes Ringgit Up
The Malaysian ringgit is topping the gains list among Asian currencies, followed by the Singaporean dollar, thanks to the government stimulus and interest rate cuts. The ringgit rose…
Pound Falls on Pessimist Moody’s Declaration
The Moodys Investors Service declarations that finances would be deteriorating in Britain brought the pound further down against the yen and the euro. The pound failed to recover against major currencies after negative domestic statements…
Euro Strengthens on Positive Economic Reports
The dollar and the yen lost ground against the euro, as an index of services and industrial production in Europe showed better than estimate numbers, creating speculations of an economic recovery…
New Zealand Dollar Rises On Credit Improvement Speculations
The New Zealand and the Australian dollar went up as rumors about a credit market recover spread amid investors this Thursday. After a substantial drop during the beginning of the…
Yen Rises on Deepening Crisis Speculations
The yen had a significant rise today against major currencies, rumors that losses in the U.S. banks will go further brought investors to buy Japanese assets, considered a «safe harbor»…