Russian Ruble Near 3-Year Low vs. Dollar

The Russian central bank widened the trading band for the ruble today as the Russia’s 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…

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Swedish Krona Near 5-Year Low on Rate Cut

The Swedish krona advanced it’s yearly low levels against the U.S. dollar today as the country’s central bank surprised the market participants with the biggest rate cut in the…

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Chinese Yuan Depreciates to July’s Levels

The Chinese yuan fell to the weakest level since August today as the country’s government continued to manipulate its currency before the scheduled meeting with the U. S. Treasury Secretary. The…

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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 Obama’s economic team caused the U.S. dollar…

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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…

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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. government’s intentions to bail-outCitigroup. The won almost renewed its decade low…

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