Posts published in November 2011

The Mexican peso posted the second week of losses after the report that Interior Minister Jose Francisco Blake Mora died in an accident. Mora was the country’s major official in battling with drug…

The Canadian dollar advanced against the US currency and weakened against the euro as the situation in Europe showed signs of improvement, boosting attractiveness of commodity currencies. The positive news from Europe were well received…

Risk appetite has returned to the markets in full force today, and the UK pound is feeling the effects. Cable is moving higher today, supported by rallying equities and stability in the eurozone. With the situation…

The US dollar is pulling back as the situation in Europe stabilizes somewhat. Risk appetite is making an appearance, and the US dollar isn’t needed — for now — as a safe haven. As a result, it…

The South Korean won rose today after the nation’s central bank decided to keep the interest rates unchanged and tensions about Europe subsided. The Bank of Korea left its Base Rate unchanged…

The euro extended its gains against the dollar today after the Italian Parliament approved the budget bill and on the signs that the problems with the transition of power in Greece and Italy were resolved. The positive outcome…

The Japanese yen rose today as the escalating sovereign-debt crisis in Europe resulted in more pessimistic outlook for the region’s economic growth. The European Commission estimated that the economic growth in the European Union will almost…

The Canadian dollar rebounded from the lowest level in four weeks after the nation’s trade balance posted an unexpected surplus in September, improving sentiment about Canada’s economy and increasing appeal of the Canadian currency.…

The Japanese yen, after heading higher yesterday on risk aversion, is pulling back against major counterparts as a bit of risk appetite shows in Forex trading. Yesterday, Japanese yen surged on safe…

Concerns about the Australian employment report prompted the Down Under currency to lose ground to the US dollar and the Japanese yen yesterday. Today, though, the downtrend has stopped, and Aussie is gaining some…