The South Korean won declined to almost two-month low level against the U.S. dollar today as the global economic crisis worsened, prompting investors to sell the emerging markets…
USD/KRW Approaches 2-Month High
February 16, 2009
Pound Bounces Up on Stock Market Growth
February 13, 2009
The British pound showed the first daily gain today after three consecutive losses against the U.S. dollar as the countrys stock market showed an unexpected growth. The pound…
AUD Falls as Stimulus Plan is Rejected
February 12, 2009
The Australian dollar declined against the U.S. dollar, the Japanese yen and the euro today as the countrys senate refused to adopt the Prime Ministers stimulus package worth of $27.4 billion.…
British Pound Drops Before Reports
February 11, 2009
The Great Britain pound continued to fall against the other major currencies today as the traders expect the negative results from the jobs and inflation reports today.…
Euro Falls on Europe’s Troubles Worsening
February 10, 2009
The euro fell against the U.S. dollar and other major currencies, except the pound, as the Russian banks are waiting from their government to negotiate the $400 billion…
Yen Rises on Risk Appetite Decline
February 9, 2009
The Japanese yen rose by the most in February against the U.S. dollar and posted the considerable gains versus the euro and the pound as the investors and…
AUD Grows on Possible Rate Bottom
February 6, 2009
The Australian dollar is currently heading for a first weekly gain against the U.S. dollar this year as the traders believe that the bottom in the interest rates is near…
New Zealand Dollar Corrects vs. All Majors
February 5, 2009
The New Zealand dollar went up against all other major currencies today as the countrys jobless report wasnt as bad as some traders expected and the kiwi needed to correct after some…
Indian Rupee Gains on Global Optimism
February 4, 2009
The Indian rupee rose at the fastest pace in a week today as the revival of the global stock markets restored the optimism of the traders that the foreign investors will…
Australian Dollar Grows after Rate Cut
February 3, 2009
The Australian dollar gained today against the other currencies on the Forex market after the countrys central bank cut the interest rate to the lowest level in decades and…
Euro Falls as Traders Lean to Safety
February 2, 2009
The euro declined today against the Japanese yen as the traders sold the risky assets and moved to the «safe cash» after the Asian stock markets tumbled…
Korean Won Leads Asian Currencies Decline
January 31, 2009
The South Korean won was the worst-performing currency among the Asian ones this month as the investors moved out of the countrys assets and the exports to the developed…