The Canadian dollar rallied today, but was smashed after the European Central Bank press-conference that followed the monetary policy meeting. Forex traders were hoping for the central bank to offer more…
Euro is falling today as Forex traders express disappointment with the news conference from Mario Draghi. Euro had made some gains after the ECB rate cut, but those…
US dollar is up against the euro today, and higher against other currencies right now. Greenback is gaining against the 17-nation euro as the ECB cuts its key rate to 1%,…
The Swiss franc dropped today on the speculation that Switzerland’s central bank will make steps to weaken the currency further as soon as the next week. Earlier the franc was rising as the unemployment rate remained…
The South Korean won declined today on the renewed fears of the European sovereign-debt crisis, while the Bank of Korea refrained from increasing its interest rates. The BoK kept its repurchase rate unchanged…
The Canadian dollar fluctuated before the European Central Bank monetary policy meeting today and the summit of the European leaders on Friday. Yesterday, the currency closed almost unchanged. The Forex traders were caught between…
Euro is gaining ground now, erasing earlier losses, as optimism returns to the Forex market. Earlier today, concerns about the gulf between Germany and France sent the euro lower. Now, there…
The Great Britain pound advanced today even as the fundamental reports were worse that the pessimistic forecasts. Market analysts are scratching their heads, but don’t expect that the trend of the pound…
Poland’s central bank maintained its key interest rate at the highest level in almost three years as the nation’s currency declined after the European debt crisis deterred investors from buying riskier…
Japanese yen is gaining as sentiment reverses. Reports out of Europe are sending Forex traders looking for safe haven, and that is providing a boost to the yen against its counterparts. Earlier,…