Forex traders are looking for a little direction today, and, as a result, the US dollar is mixed. Greenback is higher against the euro, thanks to fresh concerns about the Greek debt situation,…
Posts published in January 2012
Euro Lower as Greece Causes Trouble — Again
Greece faded from the spotlight for a little while, but the erstwhile country is back on center stage as debt talks once again look to be on the verge of collapse. As a result of uncertainty in Greece, and due…
Waning Optimism on Forex Market Weakens Rand
The South African rand fell today as talks among Greece and private bondholders no longer cause optimism among investors, but rather make them concerned. Worsening market sentiment has…
Yen Goes Down as European Manufacturing & Services Improve
The Japanese yen declined today after positive data about European manufacturing and service industries reduced demand for safety of Japan’s currency. The flash eurozone manufacturing PMI rose from 46.9 to 48.7…
Indian Rupee Rises. Gains Unsustainable?
The Indian rupee strengthened today after the Indian central bank kept its key interest rate unchanged in an effort to support the nation’s economy and the currency, but outlook for the rupee remained bearish. The Reserve…
Pound Reverses Gains
The Great Britain pound reversed its yesterday’s upward trend against the US dollar and the Japanese yen today and stayed flat versus the euro after tumbling on the last trading session as analysts expect…
Loonie Heads Higher as Oil Prices Rise
Canadian dollar is heading higher against the US dollar today, gaining as oil prices rise, and as risk appetite returns to the Forex market. Loonie is gaining, in a reversal of Friday’s losses, and appears…
US Dollar Lower on Risk Appetite
US dollar is lower today as risk appetite makes an appearance. The euro has moved back up to the 1.30 level, and the greenback is down against other currencies as well. The three-month London…
EUR/USD Reaches Two-Week High
The euro reached the highest price in more than two weeks against the US dollar today as European financial ministers discuss measures for dealing with the region’s fiscal crisis. European officials are…
Aussie Reaches Two-Month High as PPI Rises
The Australian dollar jumped today to the highest level in more than two months after the report showed that the Australian Producer Price Index advanced in the last quarter of 2011. The PPI rose 0.3…