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Recent Foreign Currency Trader News:
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The yen dropped to a six-month low against the dollar on speculation Japan will trail behind other developed nations in ending stimulus measures as it rebuilds after its worst earthquake.
AFTER ALMOST two weeks of trading sideways against the dollar, the peso surged against the US currency yesterday as the remittance season got under way.
Sweden’s krona weakened as a measure of inflation was less than forecast in March, reducing pressure on the central bank to step up the pace of interest- rate increases.
The rand stayed on the back foot in afternoon trade on Tuesday, as a local trader said that commodities had come under pressure, which was a catalyst for the local currency's demise.
Currency options are another versatile tool for forex traders. Find out how to use them.
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