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.
Fitch Ratings — News Archive
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 17th, 2013 at 17:36
The South African rand resumed its decline against the US dollar today as fears of labor unrest in the country remain even as protests subsided and workers started to go back to work.
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.
September 06th, 2012 at 23:44
The South Korean won gained today after Fitch Ratings raised the nation’s credit rating, following the same move by Moody’s Investor Service. The decision was explained by the ability of South Korea to withstand the negative influence from the global economic slowdown.
June 13th, 2012 at 0:01
The Great Britain pound gained today as Forex traders quickly lost belief that the bailout for Spain would resolve the countries problems. Fears returned to the FX market and pound again was considered a refuge from Europe’s woes.
June 07th, 2012 at 19:35
The yen fell today, dropping for the fourth consecutive session, as China’s interest rate cut triggered speculations that the country is going to stimulate its economy. Forex traders felt optimism and left safer currencies in favor of higher-yielding ones.
May 22nd, 2012 at 12:09
The Japanese yen fell today as Fitch Ratings downgraded Japan’s sovereign credit rating because country’s actions to reduce public huge public debt are too slow.
May 18th, 2012 at 22:46
The euro reached the lowest level in four months against the US dollar and the lowest in three months versus the Japanese yen today on fears that the European crisis is escalating. The currency was higher on the day though.
February 23rd, 2012 at 11:55
The South African rand gained today as South Africa may avoid credit rating downgrade from rating agencies by decreasing its budget deficit faster than was previously estimated.