The euro ended yet another week with losses, falling to the lowest level in a year against the dollar and to the lowest in a decade against the yen, as Europe enters the new year with its crisis unresolved.…
Posts published in December 2011
Canadian Dollar Mixed in Forex Trading
Canadian dollar is largely mixed in forex trading today, looking for direction as concerns about the oil supply mesh with speculation about what’s next for the global economy. Loonie relies heavily…
US Dollar Lower Today, But Looks to Post Annual Gain
US dollar is almost universally lower today, thanks to a small amount of optimism as the year draws to a close. However, even though the greenback is lower on the day, the currency looks to post an annual…
Kiwi Higher on Good Prospects for US Economy & Equity Gains
The New Zealand dollar advanced today against most major currencies as global stocks gained and outlook for the US economy remained positive, increasing demand for higher-yielding assets. Analysts predict that a report…
GBP/JPY Falls as HPI Drops
The Great Britain pound fell today against the Japanese yen to the lowest level in a month as UK house prices declined in December, reinforcing fears of the economic crisis in Britain. The currency rose slightly versus…
Loonie Weakens as Europe Troubles Forex Market
The Canadian dollar weakened today against the US dollar and the Japanese yen as Europe continues to trouble the Forex market, while unemployment claims in the United States rose last week. Italy failed to reach…
Forint Goes Lower as Borrowing Costs Rise
The Hungarian forint declined today, though it currently attempts to regain strength, as the result of the debt auction wasn’t favorable and the rating agencies downgraded the nation’s credit rating. Hungary sold 15 billion…
Euro Fluctuates in Forex Trading
Euro is fluctuating between gains and losses against the US dollar today in forex trading. The 17-nation European currency is looking for direction as forex traders prepare to close out positions as the year…
Japanese Yen Leads the Majors in Thin Trading
Japanese yen is leading the majors today as trading thins out during the second-to-last trading day of the year. In an interesting turn of events, equities have decoupled from their normal association with…
Ruble Drops with Oil, Bank Rossii Eases Control Over Currency
The Russian ruble declined today as prices for crude oil dropped amid concerns about the situation in Europe and Russia’s central bank widened the currency’s trading range. Crude oil declined, falling below…