The Canadian dollar weakened yesterday as Bank of Canada Governor Mark Carney was appointed as a new head of the Bank of England, creating uncertainty about leadership in the Canadian central bank. The currency was firmer…
Japanese yen is heading a bit higher today, gaining as risk aversion sets in and as Forex traders look for a little certainty and stability. Concerns about what’s next in the eurozone, plus the possibility that…
The South African rand strengthened today amid the positive market sentiment that increased demand for assets of emerging markets, including South African bonds. Overseas buyers purchased 5.72 billion rand…
US dollar is gaining ground today, heading higher as eurozone troubles continue. Worries about what’s next for the eurozone are weighing on risk appetite, as the division in thought amongst eurozone leaders…
The Indonesian rupiah was flat today, but analysts think that the currency may gain amid signs of economic recovery and the positive outlook for the nation’s economy. The Indonesian rupiah traded flat today,…
The euro gained this week, posting the second consecutive weekly rally and rising to the highest level since April against the Japanese yen. The currency was firm even as Greece failed to convince other…
The Canadian dollar rose against the US dollar and and reached the highest closing price since April versus the Japanese yen as Canada’s inflation was steady and the market sentiment was good. The Canadian currency…
The Great Britain pound rose today against the US dollar and the Japanese yen after the report showed an increasing number of mortgage approvals last month. The sterling remained weak versus the euro due…
The rumors have been confirmed, and the Australian dollar and the Canadian dollar are being considered reserve currencies. The International Monetary Fund has asked that countries include their Aussie and loonie holdings…
Even though markets are somewhat cautious about next week’s risk events, some of that is fading as risk appetite returns — at least for today. The yen, which had the upper…