The Japanese yen fell significantly today against the other major world currencies as the fast growth on the Asian and European stock markets attracted more participants to the…
Yen Falls as Carry Trade Attracts Traders
June 16, 2008
Paulson, Lagarde, Kudrin Support USD at G8
June 14, 2008
The finance ministers from the Group of Eight nations confirmed their position in the favor of a stronger U.S. dollar at the meeting in Osaka, Japan today. The U.S. Treasury Secretary…
U.S. Dollar Headed for Record Bullish Week
June 13, 2008
The U.S. currency is heading for its biggest weekly gain since March 2005 against the European currency as the dollar benefits both from past Bernankes statements and the current…
Aussie Falls on Employment Drop
June 12, 2008
The Australian dollar fell to its one month low against the U.S. currency as the jobs dropped in May for the first time since October 2006 and the traders…
Dollar Gains on Retail Sales Expectations
June 12, 2008
The U.S. dollar rose against euro, pound and yen today, rebounding from the yesterday drop, as the market strategists expect a good report on the U.S. retail sales…
Chilean Peso Drops as Risk Aversion Grows
June 11, 2008
The Chilean currency suffered a large daily drawdown today as the declining stock markets around the world pressed on the investors to sell their high-yielding assets including emerging economies currencies. The stock markets were…
Dollar Recovers against Yen after Friday
June 9, 2008
The U.S. dollar recovered against the Japanese yen today after the dollar lost significantly against yen on Friday and this week trading opened with a wide gap…
ZAR Heads for Biggest Weekly Drop
June 6, 2008
The South African rand headed for the biggest weekly loss against the U.S. dollar in the last three months as the traders were concerned that the high…
Kiwi Slumps on Interest Rate Comments
June 5, 2008
The New Zealand dollar went for a third day of losses today on the Forex market, making this week a biggest drop since mid May, as the Reserve Bank of New…
Australian Dollar Gains on Higher GDP
June 4, 2008
The Australian dollar benefited today from the better than expected first quarter GDP growth as the Reserve Bank of Australia may start considering interest rate hikes again.…
Yen Appreciates on Lehman Worries
June 3, 2008
The Japanese yen gained today against its usual carry trade counterparts as the markets worried about the Lehman Brothers loss, which might be signaling for a financial crisis…
Pound Posted Biggest Daily Drop in 3 Weeks
June 2, 2008
The pound sterling posted today its biggest drop against the U.S. dollar since May 7 as the speculations that Bradford & Bingley Plc, the largest mortgage lender…