The Indian rupee declined against the U.S. dollar today and is currently ready to show the biggest weekly drop since the beginning of the year as the slump of the U.S. stock markets was followed by the decline in the Asian markets.
Archive for February 2009
AUD Gains for 2nd Day as Confidence Grows
February 19th, 2009 at 9:56
The Australian dollar showed the second day of growth against the U.S. dollar and the Japanese yen today as the traders feel a growing confidence in the Australian economy after the much-needed stimulus package has been adopted there.
Euro Recovers From Yesterday Losses
February 18th, 2009 at 10:52
The euro posted a moderate daily gain against the other major currencies today after some regional banks reported not-so-bad results for the fourth quarter of 2008.
Euro Weakens before ZEW Survey
February 17th, 2009 at 9:34
The European single currency reached its lowest level against the dollar since the early December as the Forex traders expect that the ZEW Survey report will show that the Eurozone’s business confidence is at the very low levels today.
USD/KRW Approaches 2-Month High
February 16th, 2009 at 10:17
The South Korean won declined to almost two-month low level against the U.S. dollar today as the global economic crisis worsened, prompting investors to sell the emerging markets’ assets.
Pound Bounces Up on Stock Market Growth
February 13th, 2009 at 10:48
The British pound showed the first daily gain today after three consecutive losses against the U.S. dollar as the country’s stock market showed an unexpected growth.
AUD Falls as Stimulus Plan is Rejected
February 12th, 2009 at 11:26
The Australian dollar declined against the U.S. dollar, the Japanese yen and the euro today as the country’s senate refused to adopt the Prime Minister’s stimulus package worth of $27.4 billion.
British Pound Drops Before Reports
February 11th, 2009 at 11:10
The Great Britain pound continued to fall against the other major currencies today as the traders expect the negative results from the jobs and inflation reports today.
Euro Falls on Europe’s Troubles Worsening
February 10th, 2009 at 11:50
The euro fell against the U.S. dollar and other major currencies, except the pound, as the Russian banks are waiting from their government to negotiate the $400 billion of loans with their mostly European creditors.
Yen Rises on Risk Appetite Decline
February 09th, 2009 at 11:50
The Japanese yen rose by the most in February against the U.S. dollar and posted the considerable gains versus the euro and the pound as the investors and traders became less confident in the U.S. stimulus plans and were reluctant to buying anything else than the yen or the greenback.
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