The US dollar erased its yesterday’s gains and remained soft today on hopes that the US politicians will make progress in talks about ways to avoid the fiscal cliff. The dollar was stronger…
The South Korean won declined today as the risk aversion on the Forex market deterred traders from higher-yielding assets of emerging economies, including the South Korean ones. The market sentiment was hurt by the comments…
Now, as the situation with Greece is resolved (at least for some time), Forex traders turned their attention to the United States and the danger of the fiscal cliff. The Japanese yen profited from the resulting fears.…
The Australian dollar fell against the Japanese yen and the US dollar yesterday and remained soft today. Like its Canadian counterpart, the Aussie managed to strengthen versus the euro. The agreement to provide aid for Greece…
The Canadian dollar fell versus the US dollar and the Japanese yen yesterday and kept its losses today amid fears of the fiscal cliff in the United States. Earlier, the currency advanced on the positive market sentiment.…
US dollar is heading higher today, finding support as uncertainty about the eurozone weighs on the 17-nation currency and sends Forex traders looking for a little stability. Greenback is getting a bit of a boost…
Even though eurozone leaders have agreed to a Greek deal, problems remain in the wider eurozone. With focus returning to the long-term for the entire currency region, the euro is heading lower right now.…
The Hungarian forint strengthened today, but may yet retreat as the nation’s central bank lowered its main interest rate amid fears of recession in the European Union. The Magyar Nemzeti Bank (the central…
The New Zealand dollar managed to rebound today, following yesterday’s drop, even as the New Zealand trade balance deficit was bigger than predicted. The agreement to provide a bailout for Greece was the likely…
The Great Britain pound pared yesterday’s losses versus the US dollar and the Japanese yen today after the announcement that Mark Carney, the current Bank of Canada’s Governor, will be the next head…