Monthly Archives: September 2015

Chinese Yuan Updates

The Chinese currency moved up versus the US dollar after the People’s Bank of China (PBOC) set a more stable midpoint while commercial banks sold dollars to comply with demand for local currency liquidity earlier than an extended Chinese National

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Updates on Euro and Major Currencies

European Union Commissioner for Economic Affairs Pierre Moscovici suggested the appointment of one finance minister for the EU to boost the shared currency and balance its needs with priorities of the national government. The Euro Zone’s finance minister will take

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Canadian Dollar Falls to 11-Year Trough

The CAD dropped to an 11-year low as the outlook of the world economy can possibly disrupt Canada’s strategy of an export-oriented recovery. The currency regained losses and finished higher after being pulled down when another big oil exporter (Norway)

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