¥en sees a rise; Dollar slump may be short-lived
The Yen rose today on a positive note against all major currencies, including the Euro, Pound and the Swiss Franc, not to mention the US Dollar, against which it rose to about 92 in morning trade, as forex traders cut their holdings in the Dollar. The Japanese currency rose against nearly every major currency as [...]
Price of Gold breaks $1,110/oz – $1,100/oz being tested. Dollar strengthens.
Gold continues to plummet which has resulted in the price reaching the lowest it has been since November 11th 2009 @ $1,100.96/oz. Investors are taking advantage of the drop in the price of gold in reaction to the monetary policy statement from the Fed. At the same time, the dollar advances and continues to strengthen [...]
Dollar Plunges after G-7 Meet
The greenback plunged against its major peers after the G-7 meet at Istanbul where all the finance ministers skipped the currency weakness agenda against the USD to tackle recession. The USD was trading weak against 15 of the 16 most traded currencies, with the Yen being the only exception, as the Japanese Finance Minister Fuji [...]
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