Yen and Dollar Continue Their Advancement
April 8th, 2009
Both the U.S. dollar and the Japanese yen continued their growth on the Forex market today as the yesterday’s stock trading sessions were negative and today’s Asian session ended in the red zone.
Japanese Yen Performs on Stocks Slump
April 7th, 2009The Japanese currency rose from the local bottom levels against all other major currencies today after the stock markets fell yesterday and the outlook for today’s sessions remain bearish.
NZD Reaches Highest since Early January
April 6th, 2009
The New Zealand dollar rose to the highest level since early January 2009 today, backed by the support from the continuously growing emerging and developed stock markets.
KRW Falls as Government Cools Optimism
April 3rd, 2009
The South Korean won declined today against the U.S. dollar after rising for the whole week after the country’s government said that the current investors’ outlook for the economy are too optimistic.
Pound Gains as House Prices Rise
April 2nd, 2009
The British pound rose today against the other major currencies as the house prices demonstrated growth for the first time since October 2007 in United Kingdom this March.
Euro Declines on Unemployment Report
April 1st, 2009
The single European currency declined today to the levels close to its 2-week low before and after the report on Eurozone February unemployment negatively surprised the traders.
Yen Heads for Biggest Quarterly Loss in Years
March 31st, 2009The Japanese yen declined today against the other major currencies as the stock markets corrected after the yesterday’s fall and the yen became too overbought.
Yen Gains as World Economy Outlook Worsens
March 30th, 2009The Japanese yen rose against all other major currencies today as the traders reacted on the possible bankruptcy of the U.S. automakers and the global optimism for the emerging stock markets and the high-yielding currencies declined.
Ringgit Rises to New Monthly High
March 27th, 2009
The Malaysian ringgit reached its monthly high today on the traders’ speculations that the demand for the emerging markets’ assets will increase as the recession eases.
Korean Won Grows on Dollar’s Decline
March 26th, 2009The South Korean won, which is the outsider among the Asian currencies in the current year, rose to near the 2-month high against the U.S. dollar today as the latter declined on the lower risk-aversion mood of the currency market.
