The dollar ended this week posting gains versus all 6 major currencies, as another wave of pessimism caused by grim reports in U.S. and U.K. spurred demand for the safety of the greenback.(...)Read the rest of Dollar Climbs as Safety

The Mexican peso, a currency which is highly dependent on United States economic conditions, had the first decline in three weeks as American unemployment figures increased concerns regarding the nation's recession depth.(...)Read the rest of Mexican Peso Ends Week Down

The Brazilian real, which started the week with a bearish movement due to rising concerns regarding the global slump depth, recovered its losses on favorable domestic economic reports.(...)Read the rest of Brazil's Real Pared Weekly Losses on Exports Data (123

The British currency is heading for the firstly weekly decline against the dollar in a month, after a report released today indicated a less significant service sector growth for the month of June.(...)Read the rest of Pound Drops on Negative

The dollar is coming to this week's end advancing against the euro and the pound, after a U.S. report indicated more job cuts than predicted, raising concerns that the global slump may be prolonged for an undetermined amount of time.(...)Read

The Rwanda Over The Counter (OTC) market was quiet as no transactions were recorded.

Construction giant, Julius Berger Plc, has finally returned and commenced work on the abandoned bridge in Ota, Ogun State, and the road project, following release of N1.5 billion from the 2009 Appropriation Act.

The rebound in Australian dollar 0.7905 suggests the decline from 0.8156 has possibly ended there and upside bias is seen for gain to 0.8024/30 (previous support turned resistance, current level of Kijun-Sen as well as 50% Fibonacci retracement of 0.8156-0.7905),

The single currency remained sidelined after recovering from 1.3927 and further consolidation above this level should take place, however, as top has been formed at 1.4202 earlier, upside would be limited to 1.4065 (50% Fibonacci retracement of 1.4202 to 1.3927

The retreat from 136.90 turned out to be stronger than expected mainly due to cross-buying in Japanese yen on risk aversion after the release of below expectation U.S. job report, price dropped to as low as 133.58 earlier today before

Despite intra-day brief bounce to 1.6432, the British pound met renewed selling interest right at the Ichimoku cloud top and fell again in London session to as low as 1.6301. Whilst we still expect sterling’s decline from 1.6745 top to

Dollar traded narrowly in thin market condition mainly due to holiday in U.S. and near term sideways trading is likely to continue. Although recovery to 96.27/29 (previous support and the current level of Tenkan-Sen) cannot be ruled out, only above