Indian Rupee Falls to Record Low

The Indian rupee fell to the record low level against the U.S. dollar today as the Asian stock markets followed the path of the U.S. equities and declined…

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KRW Reaches Decade Low on Stock Slump

The Korean won reached the lowest level against the U.S. dollar since 1998 today as the country’s stock market fell for the eight day in a row and the foreign…

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Yen Gains After Two Days of Decline

The Japanese yen rose slightly today after losing for the two days on the currency trading market as the U.S. bail-out plans failed to raise the confidence in the…

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Singapore Choose to Depreciate Its Currency

Singapore dollar declined for the sixth day against they U.S. dollar today as the country’s monetary authorities will probably use the weak national currency as a stimulus for the…

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Japan Enters Recession, Yen Tumbles

The Japanese yen declined against the other currencies today after opening with a positive weekly gap as the world’s third largest economy contracted for the two consecutive quarters…

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Pound Stops Below $1.5 as Recession Blooms

The Great Britain pound continued to trade below the psychologically and technically important level of $1.5 per pound for the second day today as the recession continued to show up at its…

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Yen Declines as Borrowing Costs Fall

The Japanese yen fell against the U.S. dollar and the other major currencies today after the money-market lending conditions eased and the traders expect a positive…

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Banks Slash Rates; Pound, Euro, Franc Drop

The Europe’s currencies posted a daily drop against the U.S. dollar after showing a moderate volatility during the early trading session after the regional central banks cut the…

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