The Indian rupee fell today, reigniting the speculation that the nation’s central bank will intervene to support the currency as the excessive depreciation of the rupee may lead to a surge of the inflation. The negative impact of the European crisis…
Euro is gaining in Forex trading this morning as traders look with hope toward Europe. Eurozone leaders have been working to save the euro, and there is hope that this…
The US dollar was down this week against most major currencies as the unexpectedly positive mood among Forex traders damped demand for the safety of the US currency. The greenback rose against the yen,…
The Canadian dollar retreated, losing its initial gains, after the report showed that the Canadian employment declined instead of rising as was predicted and the unemployment rate unexpectedly increased. The Canadian employment was…
The Swiss franc declined as Switzerland signaled that it may take steps to further weaken then nation’s currency, which is already subdued by its peg to the euro. The Swiss National Bank…
Canadian dollar is advancing on good economic news out of the US. According to the Bureau of Labor Statistics in the US, 120,000 jobs were added. This news is good for Canada, and the loonie advanced…
Euro is rallying after some earlier weakness as positive sentiment returns to the Forex market. Hopes for ECB/IMF money, as well as good news out of the US, are helping the 17-nation currency. Earlier,…
The US dollar gained today as concerns and uncertainty slowly return to the Forex market and demand for the protection by the safe currencies may again emerge. It’s early to say with certainty that the greenback will…
The Australian dollar fell today on the speculation that the European leaders will struggle to find an accord regarding measures for dealing with the region’s crisis. Still, the currency is likely to end this week…
Great Britain pound is lower today, heading down against most major currencies, including the euro and the US dollar. Pound is struggling on recently banking center developments, as well as demand…