The currencies of Australia and New Zealand pared their previous losses today as the positive housing data and the advance of Asian stocks returned appeal to AUD and NZD. The House Price Index of Real Estate Institute…
The euro jumped to the highest level in three weeks today as Forex market participants anticipate the improvement of the European financial system after the recapitalization of the region’s banks. European Commission President Jose Barroso is…
The Brazilian real dropped today as the report showed the retail sales in Brazil decreased and the problems in Europe made the higher yielding currencies, including the real, less attractive. The retail sales declined 0.4 percent…
The euro began to lose today’s gains as Slovakia turned out to be only nations from 17 countries of the European Union to reject the redesigned aid fund, threatening the efforts to rescue the region from…
The Canadian dollar retreated today as the worries about the crisis in the European Union overshadowed the positive data from Canada’s hosing market. The seasonally adjusted annual rate of housing starts climbed to 205,900 in September…
The South African rand dropped today as the concerns about the sovereign-debt crisis in Europe reminded about itself by dissipating risk appetite among Forex traders. The unwillingness to risk was felt by higher-yielding currencies…
Euro is struggling today as risk aversion sets in, and as concerns about Slovakia‘s approval of the EFSF come to light. Slovakia is the last eurozone country to vote on expanding the bailout fund meant…
Once again, the UK economy is in focus as the latest data release offers disappointment. Manufacturing production in August fell 0.3 percent, and analysts are once again returning to the fact that the British…
The Swiss franc advanced today against all other most-traded currencies as the recent weakness of the currency attracted Forex traders. There are various reasons for the rally of the Swiss currency. The recent losses of the franc…
Japanese yen is weaker against most major currencies today, thanks to the risk appetite that is spurring demand for higher yield assets. Global equities are rallying, and Forex traders…