The Japanese yen gained today as the Japanese investors are expected to bring their overseas assets back to Japan on the concern about the radiation leak from the nuclear plant.
US Dollar Weakens as OPEC Lowers Treasury Holding
March 15th, 2011 at 1:04
The US dollar fell today as the nations of the Organization of the Petroleum Exporting Countries slashed their holding of the US debt because the rising oil prices decreased their need for the US currency.
Pound Gains as Britain May Keep Its Rating, Raise Interest Rates
March 14th, 2011 at 22:36
The Great Britain pound posted the impressive gains today after Fitch Ratings said that the UK should keep its top credit rating and as the talks about an increase of the interest rates renewed.
Forecast: Yen May Go Down on Intervention and BoJ Rates Decision
March 14th, 2011 at 20:16
The Japanese yen rose sharply on the last Friday after the earthquake hit the country, spurring risk aversion and demand for the currency as a safe haven. Today the currency slipped as the government and the central bank attempt to deal with the results of the disaster. Can the Japanese currency still profit from the fears, caused by the tremor, or it’s going to extend its losses?
European Union Summit Bolsters Euro
March 14th, 2011 at 11:41
The euro gained today as the European leaders decided on the summit to increase the rescue funds to aid the indebted peripheral economies of the region.
Japanese Yen Drops as Central Bank Pumps Money
March 14th, 2011 at 11:01
The Japanese yen tumbled today after the Bank of Japan pumped money into the nation’s financial system to help the country in dealing with the consequences of the 8.9-magnitude earthquake on March 11.
Euro Slows Decline by Weekend, Posts Weekly Losses
March 12th, 2011 at 10:32
The euro weakened against other major currencies this week as the worries about the sovereign-debt crisis reemerged. The shared 16-nation European currency strengthened by the end of the week as the European leaders met to discuss the measures to deal with the problem, but the gains of the euro weren’t enough to offset earlier losses.
Canada’s Dollar Goes Higher vs. US Dollar, Lower vs. Euro
March 11th, 2011 at 22:55
The Canadian dollar erased its losses versus the US dollar today as stocks advanced and the US retail sales grew. The Canadian currency weakened against the euro as oil fell and the European policy makers attempt to find a way out of the debt crisis.
Australia’s Dollar Rebounds on Stronger China’s Economy
March 11th, 2011 at 21:02
The Australian dollar rebounded today as the set of good reports was released in China, showing a strong economic growth. The currency previously weakened as the earthquake in Japan diminished demand for higher-yielding currencies.
Need for Safety Weakens Asian Currencies
March 11th, 2011 at 10:49
The earthquake in Japan, that boosted attractiveness of the yen, at the same time curbed appeal of other Asian currencies, including the Malaysian ringgit.