The South Korean won climbed today as nation’s manufacturer confidence jumped to the nine-month high and hopes for growth of the US economy boosted prospects for higher-yielding assets of emerging markets.

The Bank of Korea reported that the index of South Korean manufacturers’ outlook for May climbed to 90 from 85 for April, reaching the highest l

The euro fell today as Spain’s economy entered a recession, fueling concerns that the financial crisis is spreading across Europe. That was the first day of decline against the dollar after four days of gains and the third consecutive session of losses against the yen.

Spain’s gross domestic product fell 0.3 percent in the first quarter from t

(eToro Blog) With expectations now raised that the Federal Reserve Bank might be even more accommodative than they already are given the latest disappointing data, gold prices are approaching a 2-week high and are on track to record a fifth straight day of gains, as investors are once again seeking safe haven

(eToro Blog) With expectations now raised that the Federal Reserve Bank might be even more accommodative than they already are given the latest disappointing data, gold prices are approaching a 2-week high and are on track to record a fifth straight day of gains, as investors are once again seeking safe haven

(eToro Blog) While Friday’s GDP data was disappointing, with the preliminary 1st quarter reading coming in at 2.2% against 2.5% expectations, it was well received among those who believe it will give Ben Bernanke and the Fed something a bit more substantial to gnaw on as they contemplate the prospects of a

The Japanese yen gained this week against other major currencies and headed to the biggest monthly gain since June against the US dollar on fears of the crisis in Europe and concerns that the health of the US economy is not as good as was previously considered.

The yen behaved in similar pattern against different currencies. It was rising o

The Mexican peso trimmed its losses versus the US dollar today after the nation’s central bank left it key overnight interbank funding rate unchanged for the 26th consecutive meeting, disappointing traders who expected an interest rate cut.

The Banco de Mexico left it main interest rate at the record low of 4.5 percent today. The Bank was keeping t