• Canadian dollar flourishes amidst crisis

    July 14 2013 3:33 PM

    While many currencies have floundered, the Canadian dollar has provided great returns to investors.

  • CLS Bank announces record volume this year

    July 14 2013 3:31 PM

    CLS Bank announced record breaking volume transactions through its system.

  • Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    July 12 2013 1:01 PM

    USD rebounds despite lower than expected consumer sentiment data - EUR weakens amid Portugal turmoil - Commodity currencies weaken, AUD approaches three-year low on China growth concerns

  • The cause of currency crises

    July 12 2013 10:38 AM

    In order to manage a currency crisis, selling off foreign currency to mop up local currency averts a long term crisis.

  • China's Central Bank moving to make yuan more international friendly

    July 12 2013 10:34 AM

    The People's Bank of China has released notice to require banks and companies to use the yuan in their international transactions.

  • Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    July 05 2013 1:52 PM

    USD is broadly stronger as US jobs data trumps expectations - EUR weakens as the ECB extends current monetary policy - Commodity currencies weaken as Egypt increases risk aversion

  • 5/7/2013 - The Current Market Sentiment

    July 05 2013 12:15 PM

    As what has been expected and mentioned in yesterday report, after the anticipated decision of the ECB of keeping the interest rate unchanged at 0.5%, it has given a reference to the recent rising of the bonds yields in EU as it goes against its efforts of stimulating the economy which is looking for a path for even a gradual recovery to get out of the current persisting recession as we have seen yesterday too with the release of EU Q1 GDP final reading which has shown shrinking by 0.3% q/q from 0.2% in the recent reading and after shrinking by 0.6% in the last quarter of 2012.

  • Indian Investors Desert Equity Funds For Debt

    July 04 2013 4:42 AM

    Mutual funds in India managed more assets than ever in the April-June quarter, as investors, betting on rate cuts, rushed to bond funds.

  • Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    July 03 2013 1:19 PM

    USD and Yen stronger as tensions in Egypt increase risk aversion EUR faces pressure over peripheral country concerns Commodity currencies weaken as oil prices break $100

  • How Far Can Your Dollar Get You In Myanmar?

    July 03 2013 10:44 AM

    Nowhere, if the bills show any signs of wear, stain or other baffling imperfections.

  • Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    July 02 2013 3:53 PM

    USD is broadly stronger ahead of this Friday’s jobs report EUR is relatively flat against dollar ahead of Thursday’s ECB meeting Commodity currencies are weaker as the BoC and RBA seem unlikely to tighten economic policy

  • Winklevoss Twins Increase Bitcoin Involvement, File IPO Plan

    July 02 2013 7:05 AM

    The Winklevoss twins row out to deeper waters as they put their collective heft behind virtual currency Bitcoin.

  • Antonis Samaras Faces Troika to Unlock Next Aid Installment

    July 01 2013 7:52 AM

    Greek Prime Minister Antonis Samaras found himself under fire in June after he made painful job cuts at state broadcaster ERT. Following the decision, the public was outraged and the nation was thrown into political turmoil as the Democratic Left party demonstrated its dissent by withdrawing from the government. The political party said the cost of overhauling the nation's public sector was not worth the payout.

  • Weakening Chinese Economy Weighs on Brent Prices

    July 01 2013 7:47 AM

    Brent crude oil started July on its back foot on Monday as the commodity slipped on weakening demand prospects and a stronger dollar. Brent traded at $102.08 at 6:06 GMT on Monday morning, barely scraping above the $102 mark as investors eyed more poor Chinese data. CNBC, reported that a private HSBC survey showed that China's manufacturing activity slipped on June, which added to growing concern that the number two oil consumer was slowing down.

  • Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    June 27 2013 1:27 PM

    USD is broadly stronger across most major currencies on better US data GBP is lower after data showed contraction in domestic growth JPY is weaker against the dollar after the selloff in Japanese stocks and bonds

  • Draghi Says the ECB Will Continue to be Accommodative

    June 27 2013 8:15 AM

    The euro dipped below $1.30 for the first time in nearly a month in the early hours of Thursday after comments from the European Central Bank underscored some of the risks to the region's growth. Bank President Mario Draghi remarked that the ECB would continue with accommodative monetary policy as the region's future growth is expected to be fragile.

  • Indian Conglomerate Essar Group To Gain From Rupee's Fall

    June 27 2013 4:58 AM

    The Indian rupee's recent free fall -- more than 10 percent in 2013 -- will benefit India's $27B Essar Group.

  • Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    June 26 2013 5:00 PM

    US dollar under pressure on revised softer Q1 GDP Euro extends losses on ECB Draghi comments Yen strengthens amid China concern

  • Euro Falls Against Stronger Dollar

    June 26 2013 8:23 AM

    The euro fell against a stronger dollar as eurozone leaders headed into a summit meeting on Thursday. The common currency was trading at $1.3078 on Wednesday morning despite positive consumer sentiment data in Germany. German consumer sentiment rose to its highest level in nearly six years in June, and estimates show it will continue to rise in July.

  • Gold Outlook Weakens On Signs Of US Recovery

    June 24 2013 7:33 AM

    Gold prices are expected to drop lower this week as a sell-off in gold ETFs continues and after Goldman Sachs lowered forecasts for 2013 and 2014.