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Market Sentiment Improves, South Korean Won Gains

Written By Unknown on Monday, August 29, 2011 | 10:03 AM

South Korean wonThe South Korean won gained today as the comments of Federal Reserve Chairman Ben S. Bernanke last Friday increased risk appetite...
10:03 AM | 0 comments
Posted by Unknown at 10:03 AM
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Rand Advances with Stocks & Metals

South African randThe South African rand rallied today, rising to the highest level in more than a week against the US dollar, as stocks and metals...
9:59 AM | 0 comments
Posted by Unknown at 9:59 AM
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Fundamentals are Bad for US Dollar, But Week Wasn’t Bad

US DollarThe fundamentals this week were negative for the US dollar, weakening the currency against some major counterparts, but performance of the...
9:55 AM | 0 comments
Posted by Unknown at 9:55 AM
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Yen Advances, Japan Worried — New Intervention is Coming?

Written By Unknown on Saturday, August 13, 2011 | 11:10 PM

Japanese yenThe Japanese yen advanced today, heading to the highs against the dollar last seen during the post-World War II period, and made the Japanese government even more nervous about the currency’s strength.Investors seek safer assets after North...
11:10 PM | 0 comments
Posted by Unknown at 11:10 PM
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NZ Dollar Heads for Second Weekly Drop

New Zealand dollarThe US dollar fell today, heading for a second weekly decline, as the problems of the US and Europe makes traders less willing to invest in currencies perceived to be riskier.The currency of the South Pacific nations is linked to economic...
9:27 AM | 0 comments
Posted by Unknown at 9:27 AM
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Franc Plunges Heavily on Prospects of Euro-Peg

Swiss francThe Swiss franc slumped today against all major currencies as Swiss National Bank Vice President Thomas Jordan suggested that a short-term peg of the nation’s currency to the euro could be legal.The SNB was attempting to weaken the Swiss currency...
9:26 AM | 0 comments
Posted by Unknown at 9:26 AM
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Osborne Refuses Review Spending Cuts, Boosting Pound

Great Britain poundUK Chancellor of the Exchequer George Osborne rejected demands of the opposition to reconsider the spending cuts that are biggest since World War II. The Great Britain pound reacted positively to the news.Opposition to the spending...
9:26 AM | 0 comments
Posted by Unknown at 9:26 AM
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