ForeX

Forex, Online Currency Trading, Forex Trading, Currency Trading

Entries for October, 2008

Yen Falls Most Since 2001 Against Euro as Global Stocks Rebound

Oct. 28 — The yen fell the most against the euro since January 2001 and dropped versus the dollar as a rebound in global stocks encouraged investors to reduce bets against higher-yielding currencies.
The currency declined versus the Australian and New Zealand dollars on speculation carry trades will get a boost and Japan’s central bank [...]

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Canada’s Dollar Poised for Biggest Weekly Decline Since 1971

Oct. 10 — Canada’s dollar headed for the biggest weekly slump since at least 1971 as the deepening credit crisis drove investors to take refuge in the U.S. dollar.
The Canadian currency has declined 9.2 percent this week against its U.S. counterpart, touching the lowest since August 2005 today, as prices for commodities including crude [...]

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