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Currency News

A daily update of all the latest global currency news.

The Real Story

Currency News — January 05, 2009

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

Currency News — January 02, 2009

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

Currency News — December 31, 2008

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...

Currency News — December 30, 2008

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

Currency News — December 29, 2008

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

Currency News — December 26, 2008

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?

Currency News — December 24, 2008

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

Currency News — December 23, 2008

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

Currency News — December 22, 2008

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

Currency News — December 19, 2008

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.

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