Countries from Japan to Brazil and Mexico to Malaysia are trying to intervene in currency markets to alter the value of their currency. The widespread dependence on exports is the prime reason for these moves, which can be tric…
Gold prices jumped to record highs Wednesday, a day after the Federal Reserve’s latest policy meeting.
The price of bullion reached a new record of $1,294.95 an ounce, before slipping to $1,293.10 an ounce, Reuters reported.
The Fed’s statement T…
Japan’s Prime Minister, Naoto Kan, won a party leadership vote on Tuesday to secure his position as the country’s premier, defeating challenger Ichiro Ozawa and fueling further gains in the yen.
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The Chinese yuan hit a post-revaluation high against the dollar Monday after the People’s Bank of China set the yuan’s reference rate for trading at its highest level since the central bank began publishing the daily fix in 199…
The Chinese yuan hit a post-revaluation high against the dollar Monday after the People’s Bank of China set the yuan’s reference rate for trading at its highest level since the central bank began publishing the daily fix in 199…