Posts published in December 2012

Canadian dollar is losing ground today, heading lower as the situation in the United States weighs. Even though oil prices are higher, and risk appetite seems somewhat apparent, the loonie is…

The latest German Ifo  data is helping the euro today, sending the 17-nation currency higher. The latest news, combined with hopes for a deal on the fiscal cliff, is boosting the euro to highs against…

The Indian rupee climbed today after India’s central bank left interest rates unchanged at yesterday’s meeting and pledged to shift the monetary policy towards growth. The Reserve Bank of India left its…

The Russian ruble advanced today, rising for the second day, as crude oil, the major Russia’s export, rose amid the positive market sentiment. Crude oil traded at $87.84 per barrel in New York,…

The Australian dollar backed off today as the minutes of the central bank’s policy meeting indicated that the RBA is ready to implement additional monetary easing. The currency remained weak even as stocks and commodities…

The Great Britain pound jumped yesterday and retained its gains today after the macroeconomic data showed that Britain’s economy is stabilizing. At the same time, the sterling weakened versus the euro. The Consumer…

US dollar is heading a little lower today against European currencies as safe haven demand drops. Risk appetite has made its appearance in the markets, and the euro and the pound are benefitting.…

Euro is getting a little help from across the Atlantic as optimism about the fiscal cliff in the United States helps risk appetite. US President Barack Obama backed off on tax hikes,…

The Swedish krona jumped today even after Sweden’s central bank had cut its target repo rate amid concerns about the financial crisis in Europe. There were speculations that…

Yesterday’s rally of the yen stalled today on speculations that the new government will spur the Bank of Japan to bolster the struggling nation’s economy by weakening the currency. The two-day policy meeting of the BoJ will start…