The Indonesian rupiah slipped today after the Bank Indonesia decreased its main interest rate, while concerns about the European debt added to the downside pressure. The Indonesian central bank cut the key…
The Swiss franc strengthened today on the speculation the Swiss National Bank will refrain from raising the ceiling for the currency in the near future. The SNB may be unwilling to further weaken the franc because an increase…
The euro posted the biggest drop since August 2010 yesterday, reaching the lowest level this month against the dollar and the yen and the lowest price since February against the pound today, as Forex market…
The Canadian dollar was weaker today as the unfolding situation with the Italian debt decreased appetite for risk among participants of the Forex market. The yield for the 10-year Italian bonds soared to 7.25 percent. That…
Safe haven demand is high today as Italy moves to the brink of default. With bond yields surging, and other eurozone countries fighting their own sovereign debt battles, Forex traders…
The South African Rand slipped today as Moody’s Investor Service set the credit rating of South Africa to negative, reducing appeal of the nation’s currency. Moody’s reduced the outlook for the rating of South Africa’s sovereign…
Great Britain pound is struggling today, after seeing some gains yesterday. Today, though, equities are weighing on sterling as fears about the eurozone mount and result in risk aversion. The latest…
The Australian dollar edged down today as the pessimistic outlook for tomorrow’s employment report outweighed the positive fundamental reports today. Analysts estimated that Australian employment growth slowed to 10,100 jobs in October…
The Japanese yen gained today as some Forex market participants doesn’t consider the current political events in the European Union (namely, the resignation of Greek Prime Minister and the future resignation of Italian Prime Minister)…
The euro rallied yesterday and done a good job keeping its gains today as Italian Prime Minister Silvio Berlusconi agreed to resign after the austerity measures will be implemented. Italy was…