The Australian dollar declined today, falling for the third straight session, as the renewed concerns about Europe’s sovereign debt crisis sapped investors’ demand for higher-yield. Yield on the Italian 10-year bonds rose to 7.073…
The South African rand declined today as worries about the European crisis and its impact on the global economy deepened, reducing demand for higher-yielding currencies among investors. The world still looks at Europe, trying…
US dollar is in demand as a safe haven as concerns about the eurozone continue to grow. Even though the US has its own economic struggles, the dollar is considered one of the most stable…
Euro is lower today in Forex trading, thanks to higher bond yields in some countries, and to disappointing economic news. It looks increasingly as though EU leaders will be unable to contain…
The Canadian dollar extended its yesterday’s decline today as the returning concerns about the debt problems in the European Union made traders shun riskier currencies. As it was in the past instances, optimistic sentiment…
UK pound is lower today as risk aversion sets in. Concerns about Europe are affecting the financial markets today, with banks retreating — and other stocks retreating as well.…
Japanese yen is rising today as Q3 GDP results indicate that Japan is recovering from the March 2011 earthquake and tsunami. Also boosting the yen today is safe haven…
The New Zealand dollar jumped today after the government report showed yesterday that the retail sales increase in the third quarter. New Zealand retail sales (seasonally adjusted) increased 2.2 percent…
The euro was down today after the costs of the Italian securities surged, renewing concerns about the debt crisis in the European Union. Yield on the Italian five-year notes jumped to 6.29 percent today from…
This week was good for the US dollar as risk aversion sentiment caused by the problems in Europe increased demand for safety of the US currency. The end of the week, though, was marked by return of risk appetite,…