The South Korean won fell today as nation’s importers increased their purchases of dollars, while concerns about the region’s economic growth intensified, reducing appeal of Korea’s currency. Demand for dollars from…
Posts published in December 2011
Euro Moves Higher in Holiday Trading
Most Western stock markets may be closed today, but Forex trading is happening nonetheless. Trading is relatively thin, though. Right now the euro is gaining against…
Japanese Yen Rises as Exporters See Growth
The Japanese yen is a little higher today, thanks to the strength of Japanese exports and gains made by the Nikkei today. Stock markets in the United States and many other major cities were closed today…
2012: Year of Weakness or Year of Strength for USD?
The US dollar hasnât gone very far in any direction, be it to the upside or the downside, in 2011. The currency was falling in the first half of the year on talks about a quantitative easing and hopes for Europe,…
Weekly Gains of Aussie on Good US Economy
The Australian dollar rallied this week as optimism returned to the Forex market on the positive signs from the United States. The flow of bad news from Europe paused for a time, easing concerns about the sovereign…
US Economic Growth Benefits Australian Dollar
The Australian dollar gained against the euro and closed higher versus the greenback today as signs that the US economy continues to recover reinforced positive mood on the Forex market and increased appeal of higher-yielding currencies.…
Dollar Erases Losses vs. Euro
The US dollar erased its losses against the euro today after a report showed that France’s GDP increased in the last quarter less than was previously estimated. The greenback rose versus…
Swiss Franc Lower on Expected Job Cuts
Swiss franc is lower today in Forex trading, dropping as leaders warn that more job cuts are likely on the way in the country. Swiss companies expect to see weaker sales going…
Euro Vulnerable in Forex Trading
Euro remains vulnerable in Forex trading, thanks to the still-unresolved eurozone debt crisis. The 17-nation currency is flat right now, slightly lower, ahead of the holiday. Trades are winding down, and the euro…
Pound Falls with Mortgage Approvals
The Great Britain pound fell against the Japanese yen and erased its gains versus the US dollar today after the report showed that the banks approved less home loans in November than…