The Russian central bank widened the trading band for the ruble today as the Russias main exports — crude oil and metals continued to depreciate on the global markets. The Bank of Russia allowed the ruble to depreciate by 30 kopecks today at the beginning…
Swedish Krona Near 5-Year Low on Rate Cut
The Swedish krona advanced its yearly low levels against the U.S. dollar today as the countrys central bank surprised the market participants with the biggest rate cut in the…
Euro Near Weekly Lows before Rate Decision
The euro declined today against the U.S. dollar, almost snapping the yesterdays gain, as the traders expect the weak data on the Eurozone retail sales after PMI shrank…
Pound Loses for Third Day Despite Correction
The U.K. pound continued to fall against the U.S. dollar and the Japanese yen today, despite the correction seen in some other dollar- and yen-based currency pairs,…
Chinese Yuan Depreciates to July’s Levels
The Chinese yuan fell to the weakest level since August today as the countrys government continued to manipulate its currency before the scheduled meeting with the U. S. Treasury Secretary. The…
Dollar to Post Weekly Decline against Euro
The measures proposed by the U.S. government to support the national financial system and the optimism that followed the announcement of Obamas economic team caused the U.S. dollar…
Thai Baht Declines on Political and Civil Crisis
The Thai baht continued its decline against the U.S. dollar today and touched its lowest level in the last 21 months as the political protests and the civil…
British Pound Declines before GDP Report
The British pound fell today against the U.S. dollar and the yen, following the three days of growth, as the traders expect the GDP report to confirm a decline…
Yen Gains after Two Days of Losses
The Japanese yen rose today against the major currencies after losing for two days as the U.S. macroeconomic reports will show the worsening of the crisis, according…
Korean Won Close to Decade Low Again
The South Korean won continued its decline against the U.S. dollar today despite the other Asian stocks rebound caused by the U.S. governments intentions to bail-outCitigroup. The won almost renewed its decade low…
Canadian Dollar Slid This Week as Oil Declined
The Canadian dollar declined against the U.S. dollar for the second week in a row as the oil and commodities prices continued to drop on the worsening global economy outlook.…
Malaysian Ringgit Falls with Emerging Markets
The Malaysian ringgit declined slightly today and also posted its third weekly drop against the dollar this week as the emerging stock markets and currencies lived…