The largest Labour group in U. S. advocated Congress for passing the legislation to fight China’s currency practices. This suggestion from Labour group has come a day after the refusal of Obama Administration to name Beijing as a currency manipulator. Read more
The euro slipped against the dollar Friday, but still ended the week up about 0.6% amid signs that investors are turning more positive towards the common currency. Read more
A noticeable void of fresh news has created a lacklustre trading environment which continues to promote USD selling. Read more
The following events and economic reports may influence trading in Asia’s local bonds and currencies today. Read more
Sterling fell against the dollar on Friday, retreating from early gains and tracking a slide in the euro, which failed to break above key resistance levels against the U.S. currency. Read more
The U.S. dollar may only look good because its fiat currency brethren look bad, but declining confidence in paper money has thrust gold toward a position it hasn’t enjoyed for a century or so— freedom from its seesaw relationship with the U.S. dollar. Read more
Russia wants the rouble to be one of the world’s reserve currencies as President Dmitry Medvedev renews his push to reduce the dollar’s dominance and make Moscow a global financial hub. Read more
World leaders at the upcoming G20 summit are expected to scrutinize how far China will go in reforming its currency following Beijing’s weekend decision to let the yuan appreciate. Read more
The euro rose the most this week against the greenback in more than a year as an easing in concern over Europe’s debt crisis spurred traders to end bets the shared shared currency would decline. Read more
In this current global situation of changing market values and share indexes it is hard to write anything conclusive about Australian currency rates because we are aware that everything could be different in as little as a week. Read more
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