Industry News

Brazil's real rises after nine-year low on Tuesday

Posted On: December 19, 2014
Brazil’s real rose 0.5 percent Friday morning to 2.6486 per U.S dollar after falling to a nine-year low on Tuesday, Bloomberg reported. The currency gained 0.2 percent this week. [More]

Category: Industry News

Rupiah finishes week on a high note

Posted On: December 19, 2014
The rupiah rose 0.6 percent Friday to 12,490 per U.S. dollar, which trimmed its weekly decline to 0.3 percent, Bloomberg reported. The currency’s four-day rally followed a 1.9 percent decline on Monday that led to its weakest rate since the 1998 Asian financial crisis. [More]

Category: Industry News

Bank of China cuts reference rate as yuan falls

Posted On: December 18, 2014
The yuan fell 0.3 percent Thursday in Hong Kong’s offshore market to 6.2184 per U.S. dollar, Bloomberg reported. The China Foreign Exchange Trade System indicated that the onshore yuan fell 0.3 percent to 6.2163 after falling earlier in the trading session to 6.2215, marking its lowest rate since June 27. [More]

Category: Industry News

Putin blames US and EU as ruble continues decline

Posted On: December 18, 2014
The ruble fell 0.5 percent Thursday to 60.5 per U.S. dollar despite crude oil prices recording the largest upswing in two weeks, Bloomberg reported. [More]

Category: Industry News

Bank Indonesia's intervention strengthens rupiah

Posted On: December 18, 2014
The rupiah rose 0.8 percent Thursday to 12,563 per U.S. dollar, marking its largest gain since Oct. 17, Bloomberg reported. The currency fell 1.9 percent on Monday to 12,698, which marked its weakest rate on a closing basis since August 1998. [More]

Category: Industry News

Rising retail sales bolster pound sterling

Posted On: December 18, 2014
The pound rose 0.5 percent Thursday to 1.5648 per U.S. dollar after declining to 1.5541 per U.S. dollar on Wednesday, Bloomberg reported. The currency gained 0.8 percent to 78.65 pence per euro, marking its largest rise since Dec. 3. [More]

Category: Industry News

Russia's ruble gains after Tuesday's plunge

Posted On: December 17, 2014
The ruble gained 3 percent Wednesday to 65.632 per U.S. dollar, Bloomberg reported. The currency, which has fallen 52 percent this year, plummeted Tuesday after the Central Bank of Russia increased interest rates from 10.5 percent to 17 percent. [More]

Category: Industry News

Indonesia's rupiah gains slightly ahead of FOMC meeting

Posted On: December 17, 2014
Indonesia’s rupiah rose 0.2 percent Wednesday to 12,658 per U.S. dollar after declining as much as 0.7 percent earlier in the trading session, Bloomberg reported. [More]

Category: Industry News

Falling oil prices impede Nigeria's naira

Posted On: December 17, 2014
Nigeria’s naira fell 2.7 percent Wednesday to 184.85 per U.S. dollar, marking its largest decline in the past two weeks, Bloomberg reported. [More]

Category: Industry News

Rupee declines as India's deficit widens

Posted On: December 16, 2014
India’s rupee fell 0.9 percent Tuesday to 63.4950 per U.S. dollar, Bloomberg reported. [More]

Category: Industry News