Industry News

Euro declines after policy shift by Swiss central bank

Posted On: January 16, 2015
The euro depreciated 0.4 percent on Friday to 1.1587 per U.S. dollar, Bloomberg reported. On Thursday, the currency fell to 1.1568 per U.S. dollar, marking its weakest rate since November 2003. [More]

Category: Industry News

Yuan falls slightly as market sentiment weakens

Posted On: January 16, 2015
The yuan fell 0.3 percent on Friday to close at 6.2066 per U.S. dollar in Shanghai, marking its highest rate since Dec 18, Bloomberg reported. In offshore trading in Hong Kong, the currency fell 0.39 percent during the trading session to 6.2231 per U.S. dollar. [More]

Category: Industry News

Swiss franc surges as central bank ends euro cap

Posted On: January 15, 2015
The Swiss franc rose 17 percent on Thursday morning to 1.02569 per euro, Bloomberg reported. The Swiss National Bank shook up global markets with its surprising decision to scrap the currency's cap against the euro. [More]

Category: Industry News

Ruble rises slightly amid long term decline

Posted On: January 15, 2015
The ruble rose 0.3 percent on Thursday to 64.5700 per U.S. dollar, Bloomberg reported. After declining by 41 percent against the U.S. dollar throughout 2014, the currency has fallen 6 percent in the new year. [More]

Category: Industry News

Yen rises 1 percent on Wednesday, 5.7 percent in past month

Posted On: January 14, 2015
The yen rose 1 percent on Wednesday to 116.77 per U.S. dollar, Bloomberg reported. Earlier in the trading session, the currency reached 116.07 per U.S. dollar, which marked its strongest rate since Dec. 16. [More]

Category: Industry News

Yuan rises slightly amid optimistic projections for 2015

Posted On: January 14, 2015
The yuan increased 0.02 percent on Wednesday in Shanghai to 6.1970 per U.S. dollar, Bloomberg reported. [More]

Category: Industry News

Oil volatility hampers Malaysia's ringgit

Posted On: January 13, 2015
Malaysia’s ringgit fell 0.8 percent on Tuesday to 3.5950 per U.S. dollar, marking its largest decline since Dec 1, Bloomberg reported. Earlier in the trading session, the currency depreciated to 3.5975, which was its lowest rate since July 2009. [More]

Category: Industry News

Ruble rate falls to month low amid oil decline

Posted On: January 13, 2015
The ruble fell 3 percent on Tuesday to 65.0995 per U.S. dollar, marking its lowest rate in the past month, Bloomberg reported. The currency continues to struggle as oil prices fell 11 percent last week and as much as 4.6 percent to $45.23 per barrel on Tuesday. [More]

Category: Industry News

Pound falls amid consumer pricing decline

Posted On: January 12, 2015
The pound fell 0.1 percent Monday to 1.5148 per U.S. dollar, Bloomberg reported. The currency fell to 1.5035 per U.S. dollar on Jan. 8, which marked its lowest rate since July 2013. [More]

Category: Industry News

Ruble falls as oil prices continue slide

Posted On: January 12, 2015
The ruble fell 1.9 percent Monday to 62.7350 per U.S. dollar, Bloomberg reported. Meanwhile, Fitch Ratings devalued Russia’s credit score to one step above junk as crude oil prices dropped below $50 per barrel. [More]

Category: Industry News