The Australian dollar gained against the US dollar and the Japanese yen this week after several weeks of losses. The Aussie ended flat against the euro after a long stretch of weekly gains. The Australian…
Posts published in January 2012
Pound Climbs on Retail Sales & Worries About Europe
The Great Britain pound jumped as UK retail sales rose last month, while concerns about the future of the European Union increased demand for the sterling as a haven from the sovereign-debt crisis in Europe. British…
Mexican Peso Highest Since October as Rates Remain Unchanged
The Mexican peso jumped today to the highest level since October as the nation’s central bank refrained from cutting interest rates as high consumer prices hurt country’s economic growth. The Bank of Mexico…
Euro Drops as Greek Debt Talks Resume
Euro is dropping, falling from highs not seen for two weeks, as Greek debt talks resume. They’re still working out the details with private bondholders on how to proceed. The euro’s…
Japanese Yen Mixed as Uncertainty Creeps In
Japanese yen is mixed today, heading higher against the euro, but lower against the US dollar and the UK pound. Uncertainty about Greece is creeping into the picture, weighing on the euro,…
South African Central Bank Keeps Rates Steady, Rand Maintains Gains
The South African rand kept its gains today after the South African Reserve Bank left its main interest rate unchanged at yesterday’s monetary policy meeting to support recovery of the nation’s…
Canadian Dollar Goes Lower with Crude. May it Rebound?
The Canadian dollar went lower today as a drop of crude oil prices overshadowed gains of stocks. The currency was rallying yesterday and may yet resume its rally amid positive market sentiment.…
US Mostly Lower as Risk Appetite Makes an Appearance
US dollar is mostly lower today, especially against high beta currencies. Risk appetite is making an appearance, and Forex traders and others are looking for higher yields. There is…
Euro Breaks through 1.29 Level
Euro is breaking higher today, moving through the 1.29 level against the US dollar. Good news regarding debt auctions in Europe, plus good labor market news in the United States,…
Malaysian Ringgit Goes Higher Ahead of European Debt Auctions
The Malaysian ringgit rose today as investment environment looked good for currencies of emerging markets amid growth of the US economy and hopes for Europe. Spain sold more than its maximum target at today’s…