Both Bank of England and the European Central Bank acted as expected today during their monetary policy meetings BoE cut the interest rate to 5.00% and ECB left them unchanged at 4.00%. Facing…
BoE Cuts Rate, ECB Holds again
April 10, 2008
Yen Steady on Forex after Rates Unchanged
April 9, 2008
The Japanese yen is holding steady on the Forex market today after interest rate was left unchanged at 0.5% and the stock markets fell slightly. The new head…
Pound Slides as House Prices Fall 2.5%
April 8, 2008
The Great Britain pound fell sharply today against dollar, euro and yen as the house prices fell in March by 2.5%, indicating that the countrys mortgage market slump is not over yet. Halifax House…
ZAR Gains on Rising National Reserves
April 7, 2008
The South African rand grew today against the U.S. dollar (and the other world currencies too, because dollar is rising today) as the report showed an increase in the…
Dollar Aimed for Weekly Gain over Yen
April 4, 2008
The U.S. dollar is heading for the fastest weekly gain in more than four years versus the Japanese yen as the financial markets get a feeling of relief from the…
Canadian Dollar Continues Appreciation
April 3, 2008
The Canadian dollar continued its two-day growth against the U.S. dollar and the Japanese yen today, as the commodity markets showed that are still able to grow.…
Dollar Stops Its 2 Days Growth
April 2, 2008
The U.S. dollar stopped its 2 days growth period and started to go bearish against other currencies today after the Asian trading session ended. Investors attention turned to the…
UAE Studying Dirham’s Peg to Dollar
April 1, 2008
The United Arab Emirates government has established a new committee, which purpose is to study the possibility of scrapping the dirhams peg to the U.S. dollar and the reasons to maintain this…
Pound at New All-Time Low vs. Euro
March 31, 2008
The currency of the United Europe reached a new record high level against the British pound today as the estimate for the consumer inflation in Eurozone rose unexpectedly in March.…
The Reserve Bank of New Zealand Governor, Alan Bollard, said yesterday that he wont be reducing the countrys key interest rate from its record high value in 2008, because the national…
Won Heading for More Losses
March 28, 2008
The South Korean currency is heading for more losses as the government is searching for ways to support the exporting companies and the economic growth. The won is the second…
U.S. Dollar Steady Ahead of GDP Release
March 27, 2008
The U.S. dollar is trading higher than its yesterdays close level now as the investors are waiting for the fourth quarter GDP data to be released today. The final value…