The Japanese yen gained today versus all other most-traded currencies as the earthquake in Japan increased local demand for the currency as a safe haven.
Dollar Gains as Fundamentals Spurs Risk Aversion
March 10th, 2011 at 20:44
The US dollar strengthened today as the signs of the weaker global economic growth caused investors seek safety of the US currency, while driving stocks, commodities and riskier assets down.
Pound Drops as BOE Keeps Key Interest Rate Unchanged
March 10th, 2011 at 17:24
The Great Britain pound slumped today as the Bank of England maintained its benchmark rate unchanged at the record low level of 0.5 percent.
China’s Trade Deficit Makes Aussie Weaker
March 10th, 2011 at 12:26
The Australian dollar slid today as China posted the unexpected trade deficit after the Lunar New Year holiday disrupted exports.
Euro Goes Down as Moody’s Cut Spain’s Rating
March 10th, 2011 at 11:31
The euro slipped today after Moody’s Investors Service cut Spain’s credit rating, strengthening the fears of the European sovereign-debt crisis.
Trade Balance Deficit Shrinks — Sterling Gains
March 09th, 2011 at 21:15
The Great Britain pound advanced today, erasing yesterday’s losses versus the US dollar, as the report showed that the increasing exports made the deficit of the UK trade balance lower than was predicted.
Libyan Uprising and Higher Oil Prices Aid Swiss Franc
March 09th, 2011 at 20:05
The Swiss franc strengthened today as the conflict in Libya continues, disrupting oil supplies and endangering the world economy. The investors again seek safety under such conditions.
Yen Weakens as Global Economy Grows
March 09th, 2011 at 11:26
The Japanese yen fell today as the signs of the global economic recovery and the declining prices for oil decreased demand for the currency as a safe haven.
Korean Won Rises as Crude Oil Retreats from Record
March 09th, 2011 at 10:35
The South Korean won gained today as the prices for crude oil went down from the highest level in 29 months, easing concern about impact of fuel prices on the global economy.
Pound Falls as Retail Sales & House Prices Decline
March 08th, 2011 at 22:00
The Great Britain pound slipped today against the US dollar as the reports today showed that the retail sales decreased and the house prices dropped in Britain. The sterling advanced versus the Japanese yen and the euro.
