The Thai baht fell today on the outlook for slower economic growth and interest rate cut caused by the floods in Thailand’s capital. Assistant Governor Paiboon Kittisrikangwan said: The impact of the floods is severe and widespread,…
The Australian dollar retreated today after the yesterday’s surge on the speculation the currency gained to much and to fast to keep the gains. The Australian dollar, as well as other currencies with high yield, advanced yesterday as the European…
The US dollar headed to weekly losses against most major currencies as the Eurpoean leaders at last revealed some of their plans for solving Europe’s debt problems, damping need for safer currencies among…
Forex traders are almost delirious with happiness today as eurozone leaders announced a deal to contain the sovereign debt crisis — at least for now. Private bondholders will be taking a nominal…
It looks like the European leaders have reached consensus about some questions they were discussing during their meetings. The signs of progress in resolving Europe’s crisis were welcomed by traders…
As the Europeans announce a debt agreement, the Canadian dollar is strengthening against the US dollar. It’s been more than a month since the loonie has reached this level against the greenback, but…
The South Korean won climbed today on the positive outlook for the economy of Asia’s nations and the signs of progress in making the plans to resolve the sovereign debt issues in Europe. French President Nicolas Sarkozy said today…
The New Zealand dollar gained today, extending its rally for the second day, after the Reserve Bank of New Zealand key its target interest rate unchanged, but suggested that an increase…
The inflation report that showed a slowing inflation weakened the Australian dollar. But will the currency extend its drop? That’s a definite possibility in case the central bank would cut the interest rate…
The Great Britain pound declined today versus the US dollar as the uncertainty about the outcome of the European Union summit made traders prefer safer currencies, shunning the sterling that is also weakened…