Yuan climbs as popular unit for world payments

Posted On: February 27, 2014
The monetary unit of the globe's second-largest economy has become the world's seventh most used currency for world payments, an industry organization said on Thursday. [More]

Category: Industry News

Yen climbs against greenback as tensions mount in Ukraine

Posted On: February 26, 2014
The monetary unit of Japan marked a fourth consecutive trading session of gains against the U.S. dollar on Thursday amid escalating tensions in Ukraine, Bloomberg reports. [More]

Category: Industry News

MSN Money: Dollar gains on tensions between Russia, Ukraine

Posted On: February 26, 2014
From MSN Money: The yuan stabilized on Wednesday ahead of the Chinese government's official report on manufacturing on March 1, which could surprise to the upside and strengthen the currency, said Jo... [More]

Category: Media Coverage

Reuters: Dollar gains on tensions between Russia, Ukraine

Posted On: February 26, 2014
From Reuters:Spot yuan has entered a dramatic weakening cycle in recent weeks, guided downward by a series of weak fixings by the central bank, with momentum to the slide boosted by the unwinding of y... [More]

Category: Media Coverage

Aussie tracks yuan's struggle

Posted On: February 26, 2014
The monetary unit of Australia dipped on Wednesday against the U.S. dollar, tracking the downward trajectory of the Chinese yuan, Bloomberg reports. [More]

Category: Industry News

Rand pushes toward monthly gains against greenback

Posted On: February 25, 2014
The monetary unit of the largest economy on the African continent is set to mark its first month of gains against the U.S. dollar after having endured four consecutive months of losses against its cross-Atlantic rival, Bloomberg reports. [More]

Category: Industry News

Yuan climbs after 7 days of losses

Posted On: February 25, 2014
The monetary unit of China reversed seven days of losses on Wednesday against the U.S. dollar after officials with the Asian nation said there was nothing out of the ordinary about the currency's recent slippage, Bloomberg reports. [More]

Category: Industry News

The Wall Street Journal: Canadian Dollar Ends Lower, But Well Within Established Range

Posted On: February 25, 2014
From The Wall Street Journal: A report from Western Union Business Solutions said that with little new to report on Canada's economic front until gross domestic product data for the fourth quarter an... [More]

Category: Media Coverage

Rand drops as Turkey conducts corruption probe

Posted On: February 24, 2014
The monetary unit of the largest economy on the African continent slipped in value on Tuesday against the U.S. dollar, tugged down by a newly broken political crisis in Turkey, Bloomberg reports. [More]

Category: Industry News

Yen marks gains against most major rivals

Posted On: February 24, 2014
The monetary unit of Japan achieved its biggest gain in more than seven days on Tuesday against the U.S. dollar as confidence spread the currency of the Pacific Rim nation will be in demand as the Chinese yuan slumps, Bloomberg reports. [More]

Category: Industry News