The South Korean won advanced today on signs that South Korea’s economy is improving as exporters were converting their profits to the local currency ahead of the year-end. The current-account surplus widened to the record…
The Chinese yuan advanced today as China’s central bank set the reference rate higher and as negotiations among US politicians spurred risk appetite on the Forex market. The Peopleâs Bank of China increased the daily…
The Japanese yen extended its rally to the downside today, reaching the lowest level in more than two years, as Japan’s inflation continued to decline, fueling speculations that policy makers will take…
The New Zealand dollar erased its earlier gains today on concerns that talks among US politicians to avoid the fiscal cliff were unsuccessful so far. The currency went higher against…
Canadian dollar is higher against the US dollar today as risk appetite makes an appearance. Loonie is gaining ground as fiscal cliff talks are set to resume in the United States. Additionally,…
The Great Britain pound advanced today after the data showed that the number of mortgage approval rose last month. The actual reading was below analysts’ expectations, but that did not…
Euro is on the rise today as risk appetite returns to the markets, thanks to the help of expectations for a fiscal cliff deal, as well as comments from Germany’s financial minister. Euro is getting a boost as many…
The Brazilian real fell today, following yesterday’s gains. The rally on the previous trading session was caused by speculations that policy makers would take measures to support the currency. There were speculations…
The Taiwan dollar advanced today amid hopes that central banks of developed nations will stimulate their economies, fueling global economic growth. Such hopes increased the attractiveness of Taiwan assets.…
US dollar is lower today as a touch of risk appetite returns to the markets. The prospect of a fiscal cliff deal is helping to support high beta currencies, and there are also concerns about…