The Canadian dollar wasnât performing well recently, at least against the dollar and the yen. Can the currency improve its behavior in the near future? Itâs possible, but not probable. The performance against the euro…
Posts published in December 2011
Japanese Yen Mixed in Forex Trading
Japanese yen is mixed today in forex trading, gaining against the euro, but down against the dollar and the pound. With the concerns in the eurozone right now, it’s no surprise that the yen…
US Dollar Gains as Concerns Grow in the Eurozone
US dollar is gaining today, heading higher as concerns in the eurozone once again take center stage. The latest concern is the announcement by Moody’s that it will review European countries…
Euro Slumps After Moody’s Warning
The euro dropped today after Moody’s followed Standard & Poor’s as it warned about possible downgrades of the European countries. The shared 17-nation currency fell against the dollar and the yen. The summit of the European…
Unpleasant Week for Euro Ended
This week was expected to bring hopes for the eurozone and help the euro to end its downtrend. Instead, traders felt more disappointment than encouragement from news. The end of the week was somewhat…
Canadian Dollar Jumps as Europe & USA Bring Good News
The Canadian dollar jumped by the end of this trading week as Europe moved closer to resolution of the sovereign-debt crisis, while the confidence of US citizens improved. Earlier, the currency declined, dragged down by fears that…
EU Summit Boosts Euro, But Rally Isn’t Big
The euro raised its head today after the European Union summit showed that the European politicians have willingness to resolve the region’s problems. The summit provided some solid results, but the rally…
US Dollar Mostly Lower on Optimism over Europe
US dollar is mostly lower right now, due to optimism over Europe. Markets are reacting favorably to the latest news about a tighter fiscal union meant to stave off further…
UK Pound Mixed as Cameron Rejects New EU Deal
The UK pound is mixed today, as economic news is released, and as the latest attempt to save the euro is made. However, Great Britain isn’t pleased about the latest EU treaty, and it…
Rand Tumbles on Negative Fundamentals & Bad News from Europe
The South African rand dropped yesterday and remained weak today on the signs of the nation’s economic weakness. The currency also felt the negative impact of the news from Europe, but the European problems allowed the rand…