Posts published in November 2012

US dollar is heading lower today as risk aversion fades and Forex traders look for higher yields instead of safe haven. Concerns about the situation around the global have eased a bit…

Euro is getting help today from the possibility of a deal on Greek funding. There are still problems to be worked out — including disagreement over how to proceed between the eurozone…

The Japanese yen suffered this week, falling against all other most-traded currencies, on speculations that Japan will have new leadership that will demand more aggressive easing from…

The Australian dollar followed its Canadian counterpart in gains yesterday, erasing its previous losses. The currency was weaker at the beginning of Friday’s session and dropped near the lowest level in three weeks against…

The Canadian dollar erased its losses versus the US dollar and the Japanese yen today, while advancing against the euro, on hopes that US politicians will reach an agreement about a way to avoid…

The South Korean won fell today as worries about the budget deficit in the United States of America made investors less willing to buy higher-yielding currencies. The time is nearing when automatic spending…

US dollar index is getting a boost as uncertainty remains the biggest threat to high beta currencies. The macroeconomic situation, as well as the individual situations in various regions, is pointing to slowdown and uncertainty. As a result,…

The Russian ruble dropped today as worries about the health of the global economy spurred risk aversion and drove investors away from riskier currencies of emerging markets. US President Barack Obama meets…

Euro is lower today, falling as economic news weighs on the 17-nation currency. The Center for Economic and Policy Research is reporting that the eurozone has been in recession since the third quarter of 2011.…

The Australian dollar dropped after the Reserve Bank of Australia increased its currency sales and as fundamentals were not supportive for assets associated with risk. The Aussie managed to outperform the Japanese yen. Australia’s…