The Indonesian rupiah was flat today, but remains in danger as the rising trade balance deficit may lead to growth of current account deficit. Such prospects drove investors away from the nation’s…
The Japanese yen is dropping today, heading lower against its major counterparts as easing expectations dominate the news. With Shinzo Abe set to be the new prime minister in Japan, aggressive…
UK pound is struggling today, especially against the euro. Concerns about the economy continue to weigh on the British currency as austerity measures slow economic growth. George Osborne‘s austerity plan has…
Concerns that the debt crisis will destroy the euro are fading, and that is helping the euro against other majors today. The 17-nation currency is getting quite a lot of help as news…
The Malaysian ringgit fell today as fears of the fiscal cliff in the United States and its impact on the US and global economies deterred investors from buying riskier assets. Forex market participants did not…
The Chinese yuan fell against the US dollar today as the nation’s central bank lowered its reference rate and on the general risk aversion sentiment among Forex traders. The People’s Bank of China set…
As was expected, the Japanese yen dropped this week Shinzo Abeâs Liberal Democratic Party won parliamentary elections, allowing him to push the Bank of Japan for stronger monetary stimulus. The BoJ did…
The Japanese yen ended Friday with gains as uncertainty about the future of the United States and the European Union drove investors to the perceived safety of Japan’s currency. US politicians canceled the budget discussion, adding…
The Australian dollar dropped today as a deadlock in the negotiations about preventing the fiscal cliff in the United States resulted in risk aversion among Forex traders. House Speaker John Boehner had to scrap his…
The Great Britain pound extended its earlier losses today as economic growth of the last quarter was revised down. Fundamentals were not completely bad though and may yet provide support…