News – Page 1088

April 9
2009

Won Once Again Leads in Gain in Asia

The Korean won advanced at a fastest pace among the most-traded Asian currencies today as the risk-aversion that prevailed earlier this week ended unexpectedly and the outlooks for the Asian emerging economies improved. The South Korean currency gained also because the government managed to sell successfully $3 billion worth of the global bonds, which would allow it to hold down the demand for […]

April 8
2009

Yen and Dollar Continue Their Advancement

Both the U.S. dollar and the Japanese yen continued their growth on the Forex market today as the yesterdays stock trading sessions were negative and todays Asian session ended in the red zone. The dollar rose against the euro for the third day today and declined against the yen for the second one as the Japanese currency still remains the unquestionable […]

April 7
2009

Japanese Yen Performs on Stocks Slump

The Japanese currency rose from the local bottom levels against all other major currencies today after the stock markets fell yesterday and the outlook for todays sessions remain bearish. The rally of the high-interest currencies was supported mainly by the growth in the developed and emerging stock markets that was clearly visible during the last two weeks. As the optimism […]

April 6
2009

NZD Reaches Highest since Early January

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. The kiwi (as the NZD is often called by the Forex traders) also rose against the Australian dollar, which advanced against the «safe haven» currencies too. The New Zealand dollar rose to the 5-month high […]

April 3
2009

KRW Falls as Government Cools Optimism

The South Korean won declined today against the U.S. dollar after rising for the whole week after the countrys government said that the current investors outlook for the economy are too optimistic. The currency was in the uptrend this week as the markets have seen a serious decline in the risk-aversion. Despite the rising stock markets in the Asian region, the […]

April 2
2009

Pound Gains as House Prices Rise

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. The market participants expected that the March report on the nationwide house prices in Great Britain will show a continued decline on the recessing economy. They were wrong as the report showed 0.9 percent month-to-month growth […]

April 1
2009

Euro Declines on Unemployment Report

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. The Japanese yen, the U.S. dollar and the British pound all gained against the euro as the investors expected that the jobless rate will grow in the Eurozone at faster pace than the analysts […]

March 31
2009

Yen Heads for Biggest Quarterly Loss in Years

The Japanese yen declined today against the other major currencies as the stock markets corrected after the yesterdays fall and the yen became too overbought. The traders also expect a worst in 30 years business confidence index to be reported by the Bank of Japan tomorrow. The yen is currently losing largely against the euro as the market participant believe that the European Central Bank will […]

March 30
2009

Yen Gains as World Economy Outlook Worsens

The 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. The yen rose to the highest level in a week against the U.S. dollar and the 2-week maximum against the euro as the Asian stock markets […]

March 27
2009

Ringgit Rises to New Monthly High

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. The emerging stock markets in the Asian region continue to rise and such currencies as the Malaysias ringgit and the Koreas won are posting one of the longest gaining streak in their recent history. The stimuli from and […]