Daily Currency News

China's trade surplus dips as imports rise China's trade surplus fell sharply in August as the world's second-largest economy is felt the pinch from weaker global growth while domestic demand remained resilient. SNB acts decisively to halt rise of franc The Swiss currency tumbled after the central bank announced it would stop the franc from strengthening above SFr1.20 against the euro Euro plunges as Stark leaves ECB post The euro drops to a six-month low against the dollar after Jürgen Stark, European Central Bank Executive Board member, resigned from his position ECB resignation hits global markets Jürgen Stark's departure from the board highlights divisions over the bank's handling of the eurozone crisis Berlin's influence in ECB under pressure Germany fiscal and monetary policy conservatives have recoiled as the rule books have been thrown out