Archive for August 2010

Aussie Falls on Lower Wages Growth

The Australian dollar fell today against the Japanese yen on the speculation that Japan’s central bank will refrain from curbing the yen’s gains and after Australia’s wages growth slowed. The Aussie also dropped versus the greenback.

Thai Baht Rises on Outlook for Growth of Asian Economies

The Thai baht went up today on the speculation that the fast growth of the Asian nations would attract more investors to the region, increasing the appeal of the Asian currencies.

Yen Drops as Demand for Safety Wanes

The Japanese yen dropped today as the rally of the global equities damped the demand for the safer currencies and on the anticipation of the intervention by the central bank.

Canadian Dollar Strengthens on Stocks & Oil Prices

The Canadian dollar strengthened today as the gains of the global stocks and the rising oil prices spurred the demand for the currencies related to the economic growth.

Aussie Rallies for Second Day on Stocks & Economic Outlook

The Australian dollar rallied against its US counterpart today after the Asian stocks rose, increasing the demand for the riskier higher-yielding currencies, and on the improving outlook for the global economic growth.

South Korean Won Jumps on Interest Rate Outlook

The South Korean won jumped today on the speculation that the central banks of the Asian nations would raise the interest rates, attracting more investors to the region.

Malaysian Ringgit Falls on Economic Concerns

The Malaysian ringgit fell today on the concerns that the global economic recovery is faltering, hurting the export-driven economies of Asia.

Russian Ruble Rises with Oil Prices

The Russian rose today after crude oil, the main source of the nation’s revenue, gained and as the exporters converted their foreign currency earnings into the Russian currency.

Good Week for US Dollar Despite Troubles with US Economy

The US dollar performed rather well against other major currencies this week, despite the concern for the US economy. In fact, actually the concern for the economic growth was one of the reasons the other currencies fell versus the greenback.

Japanese Yen Declines vs. Dollar & Pound

The Japanese yen weakened today against the US dollar and the Great Britain pound and traded near the opening level versus the euro as the traders consider the possibility of the intervention by the Bank of Japan in order to curb the currency’s gains.

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