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Thursday, the Swiss franc surged up to near a 5-week high against the European currency after the Swiss National Bank said it had been successful in stemming the domestic currency’s appreciation against the euro.

The franc also edged higher against…

Tuesday morning in Asia, most Southeast Asian currencies slipped against the U.S. dollar. Thus the Indian rupee, Malaysian ringgit and the Taiwan dollar dropped from new multi-month highs against their U.S. counterpart.

The currencies edged down despite a gain in…

Two months ago, all the talk in the foreign exchange market was of the pound falling to parity against the euro. What is more, at the end of last month, some seasoned market observers were even suggesting that it was…

During early European deals on Wednesday, the British pound plunged to fresh record low against the European currency on speculation of an aggressive rate cut after a report by the NIESR showed that UK economy will drop into deep recession…

In early deals on Wednesday, the US dollar declined to new multi-day lows against the currencies of Europe and Switzerland. The greenback weakened against the pound too but moved higher against the Japanese yen during this time period due to…

A Chinese government conglomerate is facing billions of dollars in losses after traders made what the company said were unauthorised one-way bets against the US currency.

Citic Pacific, the Hong Kong-listed arm of China International Trust and Investment Corp, said…

Thursday, April 03, 2008 4:14:55 AM – Thursday in Asia, the Japanese yen dropped to new multi-day lows against most of its major counterparts as rally in stocks gave traders confidence to buy higher-yielding assets funded with loans from Japan.…