Industry News

Euro gains as Saudi oil minister states positive outlook

Posted On: December 22, 2014
The euro rose 0.3 percent Monday morning to 1.2260 per U.S. dollar, Bloomberg reported. [More]

Category: Industry News

Concerns over Russia settle as UK pound falls slightly

Posted On: December 22, 2014
The pound fell 0.3 percent Monday to 78.50 pence per euro, Bloomberg reported. The U.K. currency rose 1.3 percent against the euro last week, which marked its largest weekly gain since June. [More]

Category: Industry News

Rupee gains amid longstanding decline of oil prices

Posted On: December 22, 2014
The rupee rose 0.1 percent Monday to 63.2450 per U.S. dollar, Bloomberg reported. Last Wednesday, the currency fell to 63.8850, which marked its lowest rate since November 2013. [More]

Category: Industry News

Traders expect more inflation as yen falls slightly

Posted On: December 19, 2014
The yen fell 0.2 percent Friday to 119.11 per U.S. dollar after declining 2 percent over the previous two days, Bloomberg reported. Earlier in the trading session, the currency declined to 119.50, which marked its largest decrease since Dec. 11. [More]

Category: Industry News

Ruble rises after week of heavy fluctuation

Posted On: December 19, 2014
The ruble rose 3.7 percent Friday to 59.30 per U.S. dollar, which trimmed its five-day decline to 1.9 percent, Bloomberg reported. [More]

Category: 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