The Great Britain rose against the US dollar yesterday and continued to gain today as the number of UK business insolvencies fell last month. The sterling was also higher against the Japanese yen, but…
Posts published in October 2012
Aussie Posts Mixed Results Ahead of Inflation Data
The Australian dollar was little changed against its US counterpart today, fell against the euro and climbed versus the Japanese yen. Economists are worried that tomorrow’s report will show…
Euro Rallies as Rajoy’s Party Wins Elections in Galicia
The euro move higher today after Prime Minister Mariano Rajoyâs Peopleâs Party won the regional elections in Rajoy’s home region yesterday. The currency still remains in danger amid uncertainty about…
Loonie Struggles against other Majors
Canadian dollar is struggling a bit today, heading lower against other major currencies. Loonie is struggling a bit on uncertainty about what the Bank of Canada will decide, as well as being…
US Dollar Eases on Optimism and Increased Risk Appetite
The US dollar is easing today, losing a little ground as optimism about the eurozone returens to the currency market. Risk appetite is on the rise again, and high beta currencies are getting a bit…
Yen Slides as Poor Report Leads to Intervention Speculations
The Japanese yen slumped today after poor macroeconomic data spurred speculations that the Bank of Japan will intervene yet again to weaken the currency. The central bank has been indicating for a long…
Euro Keeps Weekly Gains Even as Sentiment Turns Negative
The euro managed to post weekly gains even as the market sentiment turned negative by the weekend. The situation with Spain is still uncertain, though, and that uncertainty can weaken the 17-nation currency in the coming…
Australian Dollar Falls, But Keeps Weekly Gains
The Australian dollar fell yesterday, but ended the week with gains against the US dollar and the Japanese yen. Signs that the global economy is recovering helped the Australian currency to hold ground…