The pound fell again on the currency exchange markets this morning (August 19th), plunging to its lowest level in nearly two years as the dollar surged and commodities went down. The British currency dropped by nearly a cent this morning on London trading to $1.8565, marking its lowest point in 22 months. Steve Barrow, a […]

The euro made a comeback against the dollar this morning (August 18th) in foreign exchange on the back of rising oil prices. An increase in oil prices came as a surprise as data out of the US last week revealed that industrial production had been stronger than expected for July. The euro was at $1.4751 […]

Anxieties over the global economy have led to a devaluing of several Asian currencies, as demand lessens for emerging market currencies. The Filipino peso dropped 2.2 percent over this week to 45.310 per US dollar – its worst for a year as investors rushed to sell the currency. The Taiwan dollar was also hit by […]

Royal Bank of Scotland has cut back its end of year forecast for the Chinese yuan, citing a dampening in overseas demand and a resurgent dollar. The yuan exchange rate will now increase to 6.6 per dollar at the end of year, rather than the previously forecasted 6.4, with a surge in the dollar’s price […]

Australian and New Zealand dollars dipped today after the Japanese government announced that its economy had shrunk. The Australian dollar fell to a four-month low against the yen, while the New Zealand dollar slumped to its weakest standing in just under two years. A contraction of 0.6 per cent in the Japanese economy in the […]

The dollar pushed higher today (August 12th) as the euro’s slide continued and oil prices retreated further. Anxieties about a slowing global economy today pushed the dollar to a six-month high against the euro and other major currencies, encouraging the sale of commodities such as oil and gold. While one major index, which follows the […]