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Yahoo Finance: Currencies News
Thailand’s central bank voted unanimously to cut its 2.75% base rate by a quarter of a percentage point on Wednesday in an attempt to stem a sharp rise in the baht. While its economic situation is unique, ...
The Most Popular Country in the World: Revealed
Woah, Is It Time to Slow That Yen Fall?
Eight months into the yen's steep decline and Japan's policymakers are starting to voice their concern about the pace of the currency's move.
Euro zone recession worsens as cracks appear in France and Germany
Euro zone economic growth in the the first quarter of 2013 fell 1.0% from the same period a year earlier, down from a 0.9% contraction in the fourth quarter of 2012—a sign that the monetary union’s recession ...
Is Australia Becoming the Next Euro Zone?
A higher than expected deficit figure revealed in Australia's budget on Tuesday has raised concerns that the country could follow in the same path as the highly indebted euro zone, said one expert.
Of all the precious metals, gold is the most popular as an investment. Investors generally buy gold as a hedge or harbor against economic, political, or social fiat currency crises (including investment market declines, burgeoning national debt, currency failure, inflation, war and social unrest). The gold market is subject to speculation as are other markets, especially through the use of futures contracts and derivatives. The history of the gold standard, the role of gold reserves in central banking, gold's low correlation with other commodity prices, and its pricing in relation to fiat currencies during the current global financial crisis, suggest that gold behaves more like a currency than a commodity.