The United States dollar decided to rise on Tuesday, May 13, 2008, but there is still question as to whether or not the Federal Reserve will continue cutting its rates with this positive movement. Even though the dollar rose, stock prices fell and risk aversion supporting the yen is being supported vigorously. At least, that [...]

Not a currency that is mentioned very often, the Slovak Crown set a new record during Tuesday mornings trading. The boost comes from the expected announcement from the European Commission on Wednesday that will okay the adoption of the Euro in the country by 2009. The Crown rose 0.3%, setting a new record of 32.130 [...]

For the better part of ten years the Euro has been fighting to gain some ground on the American Dollar. On April 22, 2008, if finally did it, trading above $1.60 for the first time even among the rumours that have been circling around the international currency community that the European Central Bank may [...]

The lack of faith in the G7 might be disturbing. After an overnight sell-off, the American Dollar traded higher on April15, 2008 when traders decided that the G7’s promise to follow through and intervene in an effort to bolster the economy was going to fall through. The G7 had been meeting in Washington, [...]

After meeting in Washington, DC, the G7 has finally voiced their concerns about the way the currency situation is shaping up. Sharp swings in major currencies and the concern over the American economy has forced them to actually release a communique seen by most traders. This is the first time in eight years that any [...]