forex news

New Zealand’s dollar fell to an eight-year low against the yen and traded near its weakest in six years versus the greenback after the government said the economy will remain in recession until at least the end of March. Demand for New Zealand’s currency also dropped as regional stocks slid...

The pound was little changed against the euro, set for its biggest monthly gain on record versus the European currency. The British currency was at 90.56 pence per euro as of 6:31 a.m. in London, rising 3.8 percent in the week and 7.7 percent in January, the most since the common currency’s...

U.S. Treasury Secretary Timothy Geithner’s call for China to loosen restrictions on its currency was criticized by economists and policy makers at the World Economic Forum. Allowing the yuan to strengthen would be “economic suicide” amid an economic slump, Stephen Roach, Morgan Stanley’s Asia...

South Korea’s won and Malaysia’s ringgit strengthened as speculation a U.S. economic stimulus plan will be approved helped damp risk aversion. Currencies and shares in most Asian markets open for trading advanced after U.S. President Barack Obama lobbied lawmakers yesterday to win support for...

The yen weakened for a second day against the dollar and the euro as gains in stocks reduced demand for the currency as a haven from the financial crisis. Japan’s currency also fell against the Australian dollar and the Brazilian real as measures of bond risk declined in Europe and Australia...

The euro weakened for a third day against the dollar on speculation business sentiment in Germany slumped as credit losses spread through Europe, fueling expectations the European Central Bank will lower interest rates. The British pound approached a 23-year low versus the greenback on...

The yen headed for its biggest weekly gain in three months against the pound and approached the strongest since 1995 versus the dollar as concern the global slowdown will worsen spurred investors to buy Japan’s currency. Sterling fell toward a 23-year low versus the dollar and declined to...

Swiss National Bank Vice-President Philipp Hildebrand said policy makers are prepared to intervene in currency markets at fixed exchange rates if necessary to prevent a “renewed appreciation” of the franc. “There’s a good chance they’ll follow through with these measures,” said Reto...

The New Zealand dollar approached a six-week low after a government report showed consumer prices fell last quarter, giving the central bank more room to cut interest rates to a record low next week. Australia’s currency also weakened, ending two days of gains, after the European Commission...

Russia’s ruble sank the most against the dollar in a decade this week as the central bank quickened its devaluation of the currency to protect reserves. The ruble tumbled to as low as 32.6675 per dollar, the weakest since the currency was redenominated Jan. 1, 1998, eight months before Russia...

The Australian and New Zealand dollars rose against Japan’s currency, rebounding from one-month lows, as stock gains and higher commodities prices spurred demand for higher-yielding assets. The currencies snapped four-day losing streaks versus the yen after government reports today showed...

The euro weakened for a third day versus the dollar, reaching a one-month low, as traders added to bets the European Central Bank will reduce interest rates, decreasing the appeal of the region’s assets. The 16-nation currency also declined to the lowest level in more than a month against the...

Russia’s ruble slid to the weakest level in almost six years against the dollar as the central bank devalued the currency for the second day amid declining oil prices. The ruble fell 1.4 percent to 30.9752 per dollar by 10:47 a.m. in Moscow, from 30.5312 yesterday, extending a 25 percent...

The dollar headed for its first weekly loss against the yen in three weeks before a U.S. payrolls report that may show the economy lost jobs every month in 2008 and the unemployment rate rose to a 16-year high. The euro was set for a second weekly decline versus the British pound and the...

The yen advanced for a second day against the dollar after rockets fired from Lebanon struck northern Israel, prompting investors to seek the perceived safety of Japanese assets. Japan’s currency gained for a fourth day versus the euro on speculation Israel’s war with Hamas in the Gaza strip...

The Australian dollar touched the highest in more than 2 1/2 months against the greenback and New Zealand’s currency gained as prices increased for commodities that make up more than half the nations’ exports. The currencies gained for a fourth day versus the yen as stocks rose amid optimism...

The Australian and New Zealand dollars extended gains from last week as improved risk appetite boosted demand for high-yielding assets. The currencies also climbed as prices advanced for commodities the nations export, including oil, wheat and beef. Crude oil climbed for a third day on...

Canada’s currency may extend its biggest annual decline on record, as tumbling crude prices hobble foreign investment in the country’s oil patch, according to the world’s biggest strategists and economists. The Canadian dollar fell 18 percent this year as a global recession cut demand for...

The Australian dollar rose as the price of gold, the nation’s third most-valuable raw material export, gained to an 11-week high after Israel bombed Hamas in the Gaza Strip. New Zealand’s currency advanced. The currencies also strengthened before reports this week that economists expect will...

The yen posted its first weekly decline against the dollar in two months as Japan’s inflation slowed and industrial production slumped, adding to bets the central bank will pump cash into the economy at a faster pace. Japan’s currency depreciated for a third week versus the euro as Bank of...