Posts published in January 2012

US dollar index is lower as greenback falls pretty much across the board. A successful French debt auction is helping the euro, and commodity currencies are getting a boost from higher…

This week looked good for the euro as Forex traders felt a little less concerned about the situation in Europe, but then Standard & Poor’s came in and spoiled traders’ mood. The euro looked…

The Australian dollar jumped against the euro after Standard & Poor’s harmed sentiment about Europe by cutting credit ratings of European countries. The Australian currency managed to erase losses against the US…

The Canadian dollar ended the last trading session down against the US dollar and the Japanese yen, but up versus the euro, as Standard & Poor’s downgraded credit ratings of various European countries,…

The South African rand was down today as Fitch Ratings changed outlook for South Africa’s sovereign credit rating to negative, reducing attractiveness of country’s assets to investors. South Africa’s BBB+ rating…

The South Korean won gained today as the nation’s central bank maintained its main interest rate to rein inflation and support country’s economic growth. The Bank of Korea left its key interest…

Even though the trade deficit unexpectedly widened in November, the US dollar is moving higher today. For the most part, US dollar is gaining as uncertainty prompts a certain degree of risk aversion.…

There were high hopes for the latest Italian debt sale, but they were disappointed. Indeed, even though Italian debt costs dropped below 5 percent, the sale failed to raise…

The Japanese yen fluctuated, demonstrating a downside bias, as today’s reports from the United States are expected to be mixed. The yen slid versus the euro today on signs of stabilizing economic situation in Europe.…

The Canadian dollar slumped against the euro yesterday as comments of European Central Bank President Mario Draghi boosted the shared European currency, while US retail sales were below forecast. Canada’s…