The Japanese yen is lower against most of its major counterparts today, dropping as forex traders consider increased liquidity in global markets and successful bond auctions in Europe. With forex traders…
Posts published in December 2011
Canadian Dollar Extends Rally on Employment Outlook
The Canadian dollar extended its rally today as the forecasters promised that the tomorrow’s reports about the employment in Canada and the United States will show positive developments of the labor markets. The Canadian employment is…
Spain & France Sell Debt, Euro Advances
The euro advanced today, extending the yesterday’s rally, after Spain and France auctioned debt and the result of the auction was considered a success. Banco de España reported that it sold â¬3.75 billion…
Indian Central Bank Plans to Stop Rate Hikes, Rupee Isn’t Bothered
The Indian rupee rose today despite the speculation that the slowing economic growth will cause India’s central bank to pause its interest rate hikes. The government report showed that India’s…
Aussie Falls After Yesterday’s Surge
The Australian dollar surged yesterday as most other currencies, but today it relinquished its gains as the domestic fundamentals hurt the prospects of the currency. The Aussie (as the Australian currency is nicknamed) rallied yesterday…