Experts: Decrease in dollar against major currencies signals concern about U.S. economy

Posted On: April 29, 2011
The dollar declined this month against the currencies of six principal countries that trade with the United States, showing the largest drop in one month since September 2010, Bloomberg reported. [More]

Category: Industry News

Pound gains on dollar as England's central bank increases national interest rates

Posted On: April 28, 2011
As the American Federal Reserve promised to maintain a loose fiscal policy with low interest rates, the Bank of England was projected to tighten its monetary plans and raise rates, reported Bloomberg. [More]

Category: Industry News

Western Union introduces foreign-exchange mobile payments to consumers

Posted On: April 28, 2011
Mobile Commerce Daily: The launch of Western Union Business Solutions’ new mobile payment solution, Online FX for Mobile, was recently covered by Mobile Commerce Daily. Mobile Commerce Daily Ar... [More]

Category: Media Coverage

Continued U.S. easing in short term fuels foreign exchange fluctuation, such as Asian currencies' rise

Posted On: April 27, 2011
Following a meeting today, the Federal Reserve will most likely signal that near-zero interest rates will increase sometime this year and end its initial plan to maintain low rates for the foreseeable future, found Bloomberg News. [More]

Category: Industry News

Fed committee's expected announcement diminishes dollar's value

Posted On: April 26, 2011
The Federal Open Market Committee, which sets interest rates for the U.S. Federal Reserve, convened on Tuesday morning, Dow Jones confirmed. [More]

Category: Industry News

Analysts say high-flying euro could be heading back to Earth soon

Posted On: April 25, 2011
Economic upturns in the U.S. and concerns over sovereign debt in many European countries may finally pull the dollar from its long-term funk, according to DailyFX.com's David Song. [More]

Category: Industry News

Report: Taiwan currency among many taking advantage of swooning dollar

Posted On: April 25, 2011
Ongoing low value for the U.S. dollar has caused upheaval in the global foreign exchange marketplace, experts say, with Bloomberg noting that Taiwan is among the latest countries to see strong currency improvements thanks to the new imbalance. [More]

Category: Industry News

China may act to stabilize currency value, economic upticks

Posted On: April 22, 2011
Ongoing inflationary concerns due to increasingly large stocks of foreign currency reserves could prompt China's financial regulators to change tack in the near future, Reuters reported. [More]

Category: Industry News

Report: Poland running away from other emerging markets in foreign exchange strategy

Posted On: April 22, 2011
Poland's moves to help raise the value of the zloty place it in sharp contrast with the rest of the world's emerging markets, which are generally trying to lessen the value of their currencies to preserve economic growth, according to the Wall Street Journal. [More]

Category: Industry News

Chilean peso begins to climb, government mulls corrective action

Posted On: April 21, 2011
The effects of a mass foreign exchange buyout by the Chilean central bank have apparently worn off, as the currency's value climbed significantly against the U.S. dollar recently, prompting the government to contemplate monetary policy shifts to combat the move. [More]

Category: Industry News