Euro is heading lower today, dropping as the latest economic news out of Germany weighs on the 17-nation currency. It’s also not helping that Spain continues to be a source of concern. German…
The US dollar index is a little bit higher today, gaining as risk aversion makes an appearance. Over night, following a rebound by riskier assets, the situation has deteriorated, and now the greenback has…
The Chinese yuan advanced today as the preliminary index of China’s manufacturing rose this month, giving hope that the biggest Asian economy will avoid hard landing and will continue to support global…
The Swedish krona dropped today as Sweden’s consumer confidence was far worse than expected and data from other European countries suggested that the economy of the eurozone remains fragile. The consumer confidence…
The New Zealand dropped today as worries that global economic growth is slacking deterred Forex market participants from riskier currencies. The kiwi reached the lowest level in more than a month…
The Canadian dollar jumped today against the euro after the Bank of Canada maintained its key interest rate and issued a hawkish statement. The loonie was down against the yen as the Japanese currency was…
After seeing some increases earlier, the UK pound is back to losing ground as risk aversion rises. Concerns about global economic growth, and disappointments about earnings news from stocks,…
The euro retreated today as Moody’s Investor Service downgraded credit ratings of several Spanish regions. The news added to tensions caused by uncertainty about the bailout for the indebted nation. Moody’s cut the ratings assigned…
Earlier, risk appetite was helping high beta currencies in Forex trading. Now, though, risk aversion has appeared and that is sending the US dollar higher as traders look for safe…
The Japanese yen rebounded today even as investors continued to bet on an intervention from the Bank of Japan. Earlier, the currency reached the lowest level since July against the US dollar and the lowest since May…