The Turkish lira was a bit soft today even as Moody’s Investor Service increased Turkey’s credit rating, making nation’s assets more appealing to investors.
Credit Rating — News Archive
May 17th, 2013 at 0:12
March 12th, 2013 at 22:24
The Mexican peso gained today after Standard&Poor’s confirmed the country’s credit rating and changed the outlook to positive on hopes for fiscal reforms that should improve the nation’s economy.
March 12th, 2013 at 1:35
The euro fell today, following yesterday’s gains, after Fitch Ratings downgraded Italy’s credit rating. The currency held steady against the Japanese yen and the Great Britain pound.
The Great Britain pound rose erased its losses against the dollar after reaching the lowest level since July 2010 yesterday and maintained the gains today. The currency was also strong versus the euro, but stayed weak against the Japanese yen.
The Vietnamese dong, which is one of the least valued currency in the world in terms of monetary units (after the currencies of Iran and Somalia), was little changed over the week, closing at 20,825 per US dollar. The currency has some bullish domestic factors, which may support the dong, but experiences negative influences as well. Conflicting fundamentals result in sideways movement of the currency. The World Bank said that rapid credit growth and other signs [...]
January 29th, 2013 at 2:40
The Canadian dollar fell against the Japanese yen today after Moody’s Investor Service cut credit ratings of several Canadian banks. Later, the loonie erased losses. The currency gained versus the US dollar and the euro.
January 14th, 2013 at 13:12
The South African rand advanced today after five days of losses on speculations that the drop was overdone and after yield on nation’s debt fell.
November 21st, 2012 at 10:12
The Great Britain pound advanced against the euro today after talks among European Union finance ministers failed, increasing the appeal of the sterling as a refuge from the European crisis. The currency remained weak versus the US dollar.
October 23rd, 2012 at 13:27
The euro retreated today as Moody’s Investor Service downgraded credit ratings of several Spanish regions. The news added to tensions caused by uncertainty about the bailout for the indebted nation.
October 15th, 2012 at 13:44
The South African rand weakened today as Standard & Poor’s reduced South Africa’s credit rating, following the wave of strikes in the country’s mining sector that may hurt the struggling African economy.