Currency News
A daily update of all the latest global currency news.
The Real Story
The currency markets remain very quiet, but the real story for 2009 begins today now that the holidays are over. The yen is sliding against the dollar while stock markets climbed around the world.
Whew....We Made It
The euro declined against the US dollar as interest rate cuts loom shortly ahead. Slovakia celebrated becoming the 16th nation to join the euro.
Talk of the Town
The sterling is at its weakest position against the euro since the euro was introduced. The US dollar continues to weaken against the euro and the yen.
Yawn...
Investors are trading euros and turning away from US dollar and sterling. The Israel-Hamas conflict is creating uncertainty in commodity markets.
Happy Birthday to the Euro
The euro turns 10 years old on 1/January/2009 and some project it may become the benchmark global currency within the next 5 years. The markets are experiencing very slow trading right now as investors wait for the New Year.
Continued Dismal News
Though markets are quiet because of holidays, the currency prices continue to respond to economic news of a deepening global recession. Asian currencies are particularly vulnerable due to declining exports.
Where Is the Cheer?
The US dollar weakened against the yen and the euro as US economic news proved the recession has not found bottom yet. The yen gained against the euro as investors decrease risk appetite while waiting out the holiday.
Pushing On a String
The financial markets are quiet right now as the holidays approach. In the meantime the dollar fell against the euro as more US economic data concerning housing is to be reported.
Auto Industry Driving More Than Cars
Auto industry drove import/export projections leading to volatile currency rates. The yen fell against the euro and the dollar.
Up and Down....and Sideways
The US dollar strengthened against the euro and yen in reaction to ECB interest rate cut announcement. The Ukraine battles to prevent collapse of hryvnia.
