In a surprise move today, the ECB announced a rate cut of 25 basis points. The cut to 1.25 percent, the first move by new ECB president Mario Draghi, surprised nearly everyone. The move has…
The Greek government is on the edge of complete collapse. A bailout payment from the EU and the IMF ($8 billion euro due this month) has yet to be made, since there is uncertainty about whether…
The South Korean won dropped today as the tension about the upcoming referendum in Greece continued to damp demand for riskier currencies of emerging markets. The European leaders said that Greece won’t receive any…
The US dollar regained its strength against the euro today after yesterday the US currency declined following the decision of the Federal Reserve to maintain the interest rates at the record low level. The Federal Open…
The Malaysian ringgit went lower today as traders fear the Greek referendum may destabilize already “unpleasant” situation in Europe and that fears eat away their willingness to buy riskier currencies of emerging…
The New Zealand dollar retreated today as the concerns about the Greek referendum continue to plague markets and the Asian stocks declined. Previously, investors feared an orderly default in Greece. Now, a potential negative outcome…
Cautious optimism is helping the Canadian dollar right now as stocks recover from the last two days of big losses. Risk appetite is making a cautious appearance on good news out…
After yesterday’s struggles, the euro is finding some support to day on the currency market. Euro is making gains, despite the problems that continue to plague the eurozone. Concerns about what happens…
The Japanese yen returned its strength as the unclear prospects of the Greek referendum make traders to seek safer currencies and Japan’s one remains an obvious option in such cases. The expected referendum in Greece makes…
The Swiss franc dropped today as the declining retail sales and the PMI spurred the speculation that Switzerland’s economy is losing steam. The retail sales fell 0.9 percent in September from a year ago…