The Taiwan dollar fell today as the central bank’s policy makers attempt to prevent the speculation leading to the currency’s appreciation.
Euro Rebounds After Decline, but Forecasts Remain Pessimistic
May 27th, 2010 at 5:52
The euro rebounded today after the yesterday’s drop despite the forecasts about possible decline to parity with the U.S. dollar and the threat of the break-up of the Euro-zone.
Dollar Rises with Economic Expansion in U.S.
May 27th, 2010 at 0:31
The U.S. dollar rose against the euro and the Great Britain pound today as the debt crisis threatens to spread across the European countries, increasing the demand for the safety, while the U.S. economy shows the accelerating growth, rising the appeal of the U.S. currency as the safe haven, though the Japanese yen managed to outperform the greenback.
Mexican Peso Drops with Oil Prices & Higher Unemployment
May 26th, 2010 at 11:49
The Mexican peso weakened today as the debt crisis threats to spread across the Europe, curbing the commodity prices, and on the increasing unemployment rate.
Chilean Peso Weakened by Turmoil on Global Markets
May 26th, 2010 at 10:31
The Chilean peso declined today versus the euro as the global equities and the commodity prices dropped, feeling the impact of the banking troubles in Spain and the conflict on the Korean peninsula.
Spain and Korea Bring Anxiety on Markets, Aussie Suffers
The Australian dollar extended the decline against its U.S. counterpart and dropped against the euro as the banking crisis in Spain and the conflict between North and South Korea destabilize the markets.
European Woes Lead to Loonie’s Weakness
May 25th, 2010 at 18:18
The Canadian dollar declined today after the equities and the commodities, including crude oil, fell on the concerns for the European banking system, making the investors less willing to risk and weakening the currencies tied to growth.
NZ Dollar Down on Risk Aversion Sentiment
May 25th, 2010 at 11:36
The New Zealand dollar dropped versus its U.S. counterpart today to the lowest level since July 2009 as the European troubles and the concerns about the possible escalation of the conflict between North and South Korea increased the risk aversion sentiment and caused the investors to turn away from the higher-yielding currencies.
Rand Weakened by European Troubles & Workers’ Strike
May 25th, 2010 at 10:50
The South African rand tumbled today against the U.S. dollar, erasing its previous gains, as the concerns about sovereign-debt crisis in the European Union made metal prices decline and after the two-week wedge strike.
Oil Prices Help Russian Ruble
May 24th, 2010 at 20:14
The Russian ruble gained today against the U.S. dollar and the euro after the oil prices stabilized near $70 level, improving the outlook for the economy of Russia, the largest energy exporter in the world.
