The Great Britain pound jumped today after the Bank of England monetary policy meeting minutes were released, showing that the central bank’s policy makers voted unanimously for the quantitative easing. The members…
The euro regained its footing today on the speculation the European policy makers will increase the rescue fund to help in battle with the debt crisis. The Guardian newspaper reported France and Germany agreed to raise…
Yet another downgrade of a credit rating of a European country was announced. This time Spain’s rating was cut by Moody’s Investor Service, making traders shun risk and seek for safety of the Japanese…
The Canadian dollar advanced today after the data from the US improved outlook for Canada’s southern neighbor and muted the negative impact of the fears of Europe’s sovereign-debt crisis. Crude oil rose 2.4 percent…
The Australian dollar climbed today as the strong growth of China’s economy increased attractiveness of Australia’s currency. The Reserve Bank of Australia suggested the policy makers may cut the interest rates in the near future. China’s…
It’s probably not surprising to most Forex traders that the Japanese yen is higher today, thanks to all the uncertainty in the financial markets — and the uncertainty for the economy. Risk aversion is high…
UK pound is heading lower today in Forex trading against the US dollar on all the concerns about what’s next for the British economy. Right now, it appears that stagflation might…
The euro today extended its drop for the second day after Moody’s Investor Service warned that France’s credit rating is in danger and Germany’s economic sentiment deteriorated. Moody’s explained that…
The Asian economies show a strong economic growth, the fact that attracted the global funds and made them increase their holdings of region’s assets. As a result, Asian currencies rallied, the South Korean won…
The Canadian dollar went down today, following the week of big gains, after Germany’s politician shattered confidence in ability of the European leaders to end Europe’s woes, saying that there are no…