Earlier this month, Glenn Stevens, the Governor of the Reserve Bank of Australia, indicated that there is a chance that Aussie rates will be cut. Now that the minutes of the October 4…
Posts published in October 2011
US Dollar Gains in Forex Trading on Uncertainty
US dollar is once again gaining the upper hand, rising against high beta currencies as uncertainty drives Forex traders to safe havens. This time, it’s reduced optimism about…
EU Crisis Can Be Resolved? Not Everyone Agrees
The euro retreated today as the optimism caused by the Group of Twenty meeting weakened on the speculation the credit crisis in the European Union can’t be resolved in the near future. Steffen Seibert, German Chancellor Angela Merkelâs…
Yen Goes Down as G20 Meeting Reduces Need for Safety
The Japanese yen weakened today as investors preferred higher-yielding currencies to safer ones after the meeting of Group of Twenty reinforced the hopes for a resolution of the European debt crisis. The leaders of G20 approved parts of the plan…
Best Week for Euro in Years
The euro posted the biggest weekly gain in more than two years as the unexpected optimism of Forex traders about ability of the European leaders to deal with the problems of the region spurred the currency to the highest level…
Canada’s Dollar Ends Week with Big Gain
The Canadian dollar ended this week with a big gain as the optimism caused by the G20 meeting and the good fundamentals in the US helped the currency to attract attention of investors that looked for higher yield. The G20…
Pound Higher Against Dollar, Down Against Euro
UK pound hit a one-month high against the US dollar earlier today, thanks to renewed optimism. Sterling followed the euro higher in Forex trading, gaining against the US dollar as investors look…
US Dollar Down on Optimism
Optimism is high regarding the upcoming G20 meeting, and that is sending the US dollar lower in Forex trading. Greenback is lower today as economic data boosts hopes, and as Forex traders…
Chile Maintains Main Interest Rate
The Chilean peso rose today, paring its previous decline, after the Chilean central bank kept its key interest rate unchanged, but signaled about the possibility of a rate cut in the future.…
Won Rises with Help of Foreign Investors
The South Korean won climbed today as the overseas inflows into the nation’s economy confirmed attractiveness of the currency to the global investors. The exchange data showed that the global funds bought $549 million more…