The Swiss franc was down for the second week as prospects of peg of the currency to the euro significantly reduced appeal of the franc a safe asset. At the beginning of the week the franc continued its run to the downside that it…
The Canadian dollar was closed flat against the US dollar and the Japanese yen as contradicting signals haven’t allowed the currency to establish a clear trend. Mark Carney, Governor of the Bank of Canada, outlined some…
Today the Russian ruble continued to show a downward trend as crude oil continued to decline, dropping below $81 per barrel on the speculation demand for fuel will wane as the global growth is stalling.…
The South Korean won weakened today as signs of faltering global economic growth made investors prepare for a new crisis, making riskier assets less attractive. Financial Supervisory Service Governor Kwon…
Outlook for the future of the global economy again worsened among investors, making them less interested in higher-yielding currencies. The Canadian dollar was one of the victims of such pessimistic sentiment. September futures for delivery…
The US dollar went up today versus most of its major peers as the speculation that the global economy will face a double-dip recession made investors stick to safe currencies. The greenback is…
The Swiss franc advanced today for the second day, paying no heed to the attempts of the Swiss central bank to prevent the currency from strengthening even more and hurting the nation’s economy. Currently the franc retreated…
Russia’s ruble weakened today after crude oil declined, reacting to the negative data about the US unemployment claims that reduced hopes for improvement of the economy in the US. The jobless claims came out…
The Australian dollar rose today, rallying to the highest price in almost two weeks against the US dollar, as commodities gained and increased appeal of growth-related currencies to Forex traders. The Leading Index of Melbourne Institute…
The Canadian dollar advanced against its US counterpart as market sentiment improved, making investors more willing to risk and look for higher-yielding currencies. The currency was down against the euro and the yen. The Producer…