Posts published in December 2012

Yen is gaining ground right now, turning higher after earlier weakness. However, some expect that the yen will be losing ground quite soon, thanks to the victory by the LDP…

Earlier, the Canadian dollar lost ground against the US dollar, hitting a one-week low. However, the loonie has since steadied and is now gaining ground. Better news out of the United States…

The US dollar had a rather bad week as traders felt less threatened by the crisis in Europe and slower growth in China, while the US central bank announced yet another quantitative easing. Yet…

The Japanese yen ended Friday with a small gain versus the US dollar and continued its rally to the downside against the euro and the Great Britain pound. The advance of the yen did not affect the huge…

The Great Britain pound advanced today, rising for the fourth straight session versus the Japanese yen, as this week’s macroeconomic data suggested that the UK economy is recovering from the recession. The currency…

Euro is getting a little help today from better German growth data. Earlier, the euro was a little lower against the US dollar, but now those gains have been…

US dollar is mostly rangebound against other major currencies, with Forex traders looking for direction from major players in the world economy. Risk appetite is a bit hard to nail…

The Mexican peso weakened today as US politicians did not make progress in the discussion about avoiding fiscal cliff, fueling concerns that the US economy may face a recession. John Boehner,…

The Chinese yuan weakened today even after the data showed an expansion of the manufacturing sector this month. Other Asian currencies also slipped, erasing previous gains. China’s manufacturing Purchasing Managers’…

The Swedish krona declined today as the unemployment rate climbed and consumer prices declined, fueling speculations that the central bank will lower interest rates next week. The Consumer Price Index fell…