The Australian and New Zealand dollars retreated today after Standard and Poor’s cut Spain’s credit rating yesterday, damping risk appetite on the Forex market. S&P downgraded Spain’s long-term debt rating…
Another European country experienced a downgrade of its credit rating. This Standard & Poor’s cut the sovereign rating of Spain, reminding traders that the story of Europe’s woes is far from…
The Czech koruna fell today after the report showed the nation’s trade balance deficit widened in August more than was anticipated by market analysts, making the koruna less attractive to investors. The trade…
The Canadian dollar is heading lower in Forex trading today, thanks to declining oil prices and an increase in risk aversion. Yesterday’s risk rally appears to be over, and concerns about what’s next…
The Japanese yen advanced today after the report showed China’s export growth rose with slower pace last month, resulting in shrinking trade surplus. The surplus of China’s traded balance decreased…
The European Central Bank issued a warning earlier about the dangers of requiring the private sector to take a more active role in sovereign debt bailouts. Germany has been leading the effort to include involvement…
The Swiss franc strengthened as the speculation the Swiss National Bank won’t boost the cap to the currency made investors to look at the franc with renewed interest. The SNB pegged the franc to the euro on September 6, imposing…
The Chilean peso rose today as copper jumped, bolstered by the optimistic outlook for resolution of the debt crisis in the European Union. Futures for delivery of copper in December jumped 13 percent from the low of $2.994 on October…
A consumer sentiment index measuring how Britons feel about hiring prospects fell to minus 67, a decline of one point. The news that consumers aren’t feeling very confident has the UK…
The US dollar remains lower in Forex trading today, heading down as global equities continue gain ground. Instead of focusing on Slovakia’s rejection of the EFSF expansion, traders are focusing on bank recapitalization…