A little bit of risk appetite is creeping back into the picture, and the US dollar is losing a little ground as a result. Greenback is headed a bit lower today, dropping as good news…
Posts published in November 2012
Chilean Central Bank Keeps Interest Rates Stable, Peso Remains Weak
The Chilean peso weakened today against the US dollar even after Chile’s central bank left its main interest rates unchanged as positive domestic fundamentals outweighed negative influence of the global…
Australian Dollar Gains, Ignoring Negative Factors
The Australian dollar gained today, extending yesterday’s rally, even though fundamental data from Australia and the general market sentiment were not supportive for the Australian currency. National Australia Bank reported…
Euro Slips as Greece Problems Continue
Euro is slipping again, dropping as concerns about Greece continue to dominate headlines. Once again, European leaders are balking at what needs to be done about Greece, and that is…
Japanese Yen Gains as Risk Aversion Returns
Japanese yen is heading higher again as sentiment shifts toward pessimism and Forex traders look for safe haven. Concerns about what’s next for the global economy, as well as the latest eurozone scare…
Pound Rallies as UK Fundamental Data Beats Expectations
The Great Britain pound advanced versus the US dollar and the euro today as almost all economic reports from Britain were better the expected, while the eurozone provided a set of disappointing data, increasing…
Swiss Franc Gains vs. Euro, Drops vs. Dollar
The Swiss franc gained against the euro today, but fell versus the US dollar. The macroeconomic data from Europe was bad today, weakening the shared European currency versus the Swiss currency.…
US Dollar Mixed as Forex Traders Consider the Future
US dollar is mixed today as Forex traders consider what is likely to be next. Earlier, the greenback saw some general gains against high beta currencies, but has…
Euro Struggles Higher as Greece Weighs
Euro is struggling higher against the US dollar today, gaining ground after earlier losses. Greece is weighing on the 17-nation currency, limiting its gains and causing a certain amount of wariness.…
AUD Posts Weekly Gains with Help from RBA & Employment
The surprising decision of the Reserve Bank of Australia to keep its interest rates high and positive employment data allowed the Australian dollar to gain this week. Not everything was favorable for the currency and it…