News – Page 1093

January 23
2009

Swiss Franc Grows against Euro

The appeal for the stock markets declined and the low-yielding assets became more attractive, boosting the demand for the Swiss franc against the Euro for a second day, today. Despite the fact that the Swiss National Bank is going to intervene into the currency market in order to keep the currency appreciation down, the franc in its growth rate goes just […]

January 22
2009

SGD Up as Traders not Sure in Policy Change

The Singapore dollar gained against the U.S. dollar for the second day today as the traders reduced their bets that the monetary authorities are going to use the currency depreciation to stimulate the economy. The market participants pushed the Singapores dollar up before the government reports on its stimulus package in the new budget. The fight with the recession may continue without […]

January 21
2009

Pound Hits New Record Low vs. Yen

The British pound fell to the record low level against the Japanese yen and declined significantly against the other major currencies today as the market participants are concerned that the U.K. recession will continue deepening and the Bank of England will have to reduce the rates further. The pound declined to the lowest level against the U.S. dollar since June […]

January 20
2009

Yen Breaks Through Record High vs. Pound

The Japanese yen remains the newsmaker amidst the global financial crisis as it reaches the all-time high levels against the British pound and is outperforming the high-yielding currencies. After more bad news came out from the banks of the United Kingdom (record high losses of Royal Bank of Scotland Group Plc.), the pound weakened significantly as the government will probably have to pour […]

January 19
2009

Emerging Markets Less Attractive, Yen Rises

The Japanese yen rose today against the U.S. dollar and recovered the gap-losses against the euro and the pound after the Russias central bank devalued the national currency again, reducing the attractiveness of the emerging markets. After two days of decline against the major currencies, the yen is currently posting a daily growth even after the strong negative weekly opening […]

January 16
2009

Pound Gains against Euro

The British pound rose against the euro today along with some other major currencies as the euro suffers from the trade balance deficit, while the traders long for some high-yielding European currency, which the pound still is. Eurostat agency reported that the November 2008 trade balance deficit of the European Union countries was at €7 billion compared to €2.3 billion surplus in November […]

January 15
2009

Yen Grows on Stocks Slump and Bad Reports

The Japanese yen continued to advance today against the dollar, the euro and the British pound as the the other major currency pair are stuck in the neutral zone before the ECB rate announcement. The yen gained for the three out of four days of the current week as the stock markets declined in all the worlds regions and fell sharply in Asia today. […]

January 14
2009

Dollar Weakens before Important Reports

The U.S. dollar declined today against the other major currencies, except yen, after rallying for three days, as the investors sought a technical correction before some important macroeconomic reports to be released today in United States. Federal Reserve Chairman Ben Bernanke said yesterday that the new fiscal policies wont produce a long-term recovery effect on the whole economy, hinting that the additional […]

January 13
2009

NZD Drops as Credit Rating Outlook Revised

The New Zealand dollar dropped to the monthly low against the U.S. dollar today as the S&P rating agency revised the countrys foreign currency credit rating outlook from stable to negative. Standard & Poors, one of the worlds leading credit rating agencies, confirmed New Zealands AA+ foreign currency credit rating and revised its outlook to negative yesterday. The countrys currency reacted with a drop as the confidence in the […]

January 12
2009

Euro Declines on Dovish ECB Expectations

The euro declined against the U.S. dollar and the Japanese yen today after opening with a rather large negative weekly gap against these currencies as the traders expect that ECB will continue rate reduction this week. The European currency fell to the one-month lowest against they yen and the weakest level since January 6 against the dollar. The currency […]