The Canadian dollar gained today, rising against its US counterpart, as the risk-positive sentiment dominated the Forex markets, driving investors to riskier currencies with higher yield. The combination of spending cuts and tax…
The US dollar declined against most currencies today on hopes that US politicians will be able to resolve the problems with automatic spending cuts and tax increases that may push…
Euro is losing ground today against its major counterparts as risk-off dominates the sentiment on the currency market. The fiscal cliff issue in the United States is causing uncertainty in a number of markets, and there…
UK pound is gaining today as sentiment improves. The executives confidence survey for December is showing improvement, and there are hopes that the United Kingdom will avoid a triple-dip recession. Like…
The Malaysian ringgit climbed today as negotiations continued in the United States about ways to avoid the fiscal cliff and that gives hopes for investors that a crisis can be avoided. Such hopes lifted…
The Australian dollar erased its earlier losses versus the Japanese yen and rose against the US dollar (though it slipped back later) as the data showed an expansion of China’s manufacturing sector. Markit/HSBC…
The US dollar had mixed performance this week. There was no particularly important news as markets were quiet amid the holiday season and currencies were moving without specific direction…
The Canadian dollar weakened today as concerns about the US fiscal cliff were widespread ahead of negations between President Barack Obama and congressional leaders. The currency erased its gains versus the euro…
Today is the last full trading day of the year in Europe, and the euro is falling today as uncertainty makes an appearance, and as Forex traders take some of the profits they have on recent euro gains.…
US dollar is mixed today against other major currencies as the markets look for a little more direction. However, things to seem to be leaning toward risk aversion right now, and that…