Posts published in December 2012

US dollar is gaining against the other major currencies today as risk aversion sets in, thanks to the fiscal cliff. Right now, Forex traders are ignoring better economic data…

Yesterday, as the session drew to a close, the loonie showed some fight, gaining as positive economic data gave Forex traders a taste for risk. That has mostly faded by now as the fiscal cliff continues…

The Turkish lira fell today amid fear of the fiscal cliff in the United States. Such fears spooked investors away from riskier assets and drove higher yield on Turkish debt. US Republican…

The Great Britain pound dropped against the US dollar today as consumer confidence deteriorated this month and retail sales were unchanged last month. The currency gained versus the euro. UK retail…

The Japanese yen was rising at the start of today’s trading session, but lost its gains as the Bank of Japan boosted its stimulating measures, confirming expectations that the central bank will conduct…

Euro has slipped into negative territory today against the US dollar as earlier risk appetite all but evaporates. There is little support the euro right now, and the US dollar…

The New Zealand dollar attempted to rally today even after the data showed slowing economic growth in the South Pacific country. The kiwi was a little higher versus the greenback and erased its losses…

US dollar is a lower against other majors right now, but the currency is paring its losses as uncertainty threatens to come creeping back into the markets. High beta currencies…

The Mexican peso fell today on fears that US politicians will not reach an agreement for avoiding the fiscal cliff, endangering economic growth of the United States and damping prospects for Mexican exports. There…

The Czech koruna fell today after the Czech central bank left interest rates unchanged yesterday and analysts speculated that it may weaken the currency to support the declining nation’s economy. The Czech…