The South Korean won fell today on worries that the government may intervene to weaken the currency. The concerns overshadowed the positive influence of optimism about economic growth in China. The won has been the best…
The euro advanced today, reaching the highest level in a month against the US dollar, as Germany’s confidence improved and economy continued to expand. The news demonstrated that at least some countries of the eurozone may avoid…
The US dollar erased its gains versus the Japanese yen yesterday and continued the decline today. The greenback was soft against the euro on yesterday’s trading session, but gained at the beginning of today’s trading…
The Brazilian real dropped today as policy makers hinted that they prefer to see the currency weaker. Today’s market sentiment was positive for currencies of emerging markets and the real was rising earlier,…
UK pound is losing ground today, even though the good news out of China is providing a little bit of support. For the most part, Forex traders are in wait and see mode,…
Trade has been relatively quiet today, with US markets closed for the Thanksgiving holiday. However, in the Forex market there has been a measure of risk appetite. The Canadian dollar does not…
The Chinese yuan went higher today after a report showed that China’s manufacturing expanded for the first time in a year, suggesting that the Asian economy may avoid “hard landing”. The Chinese manufacturing…
The euro advanced today, rising for the second session versus the Japanese yen, as signs of improving manufacturing in the eurozone added to hopes about today’s summit, resulting in a positive market sentiment. The eurozone manufacturing Purchasing…
The US dollar was soft at the beginning of today’s trading session on hopes that Greece will receive an aid after all. The positive fundamental data from the United States added to the weakness of the greenback.…
The South African rand fell today as the delay of a bailout for Greece sparked risk aversion on the Forex market. The currency stayed weak after nation’s inflation unexpectedly accelerated. South Africa inflation rose…