forex news

The yen headed for its first weekly decline against the dollar in two months after inflation slowed and industrial production slumped, adding to speculation the Bank of Japan will pump cash into the economy at a faster pace. The yen was on course for a third weekly decline versus the euro as...

South Africa’s rand rose against the dollar as higher platinum prices boosted export income prospects for the world’s biggest producer of the precious metal. The rand traded near its strongest level in almost a week as the price of platinum, which rivals gold as South Africa’s biggest export...

The dollar weakened for a second day against the euro before a government report that economists estimate will show sales of new U.S. homes declined to the lowest level in more than 17 years. South Korea’s won declined the most in a month versus the U.S. currency and India’s rupee fell for a...

The yen weakened against the euro and the dollar as Japanese exports tumbled and U.S. government aid to General Motors Corp. and Chrysler LLC reduced demand for the currency as a haven. The yen dropped to the lowest level versus the dollar in almost a week after Bank of Japan Governor Masaaki...

The dollar strengthened the most against the euro in almost two months as traders said the decline was too fast to be sustained after the Federal Reserve lowered the target lending rate to near zero this week. The euro also weakened after the European Commission said the region may suffer a...

The Bank of Japan cut its benchmark interest rate to 0.1 percent and said it would buy corporate debt as a deepening recession chokes off funding for businesses. Governor Masaaki Shirakawa and his colleagues lowered the target for the overnight lending rate from 0.3 percent in a 7- to-1 vote...

Asian currencies advanced, led by South Korea’s won and Indonesia’s rupiah, as a surge in regional stocks this month added to speculation investors are returning to emerging markets. Eight of the 10 most-active Asian currencies outside Japan gained as U.S. interest rates as low as zero may...

The dollar fell to a 13-year low against the yen and the weakest versus the euro in 11 weeks after the Federal Reserve cut its target interest rate to the lowest among the world’s industrialized nations. The U.S. currency also declined after the central bank said it will expand purchases of...