Euro is struggling today, especially against the US dollar. The Long-Term Refinancing Operation offered more money than expected, and that has many wondering about the stability of the European banking system.…
Posts published in February 2012
US Dollar Mixed after GDP Data
US dollar is mixed today after encouraging GDP data was released. The latest numbers for the fourth quarter of 2011 indicate that the US economy grew 3%, which is better…
Canadian Dollar Clings to Gains
Canadian dollar is clinging to gains, struggling to retain the upper hand as risk aversion begins to creep into the picture. Loonie is slightly higher against the US dollar, as well as against the UK…
Retail Sales Data Helps UK Pound against US Dollar
UK pound is higher against the US dollar today, gaining on better retail sales data. The expectation now is that Great Britain will avoid a recession, and that is providing…
AUD/USD Falls for Second Session on Prospects of Greek Default
The Australian dollar kept its gains against the US currency and the euro, but continued to fall versus the Japanese yen after Standard & Poor’s reduced Greece’s credit rating to selective default.…
Euro Remains Weak as S&P Reduces Greece’s Rating to Selective Default
The euro remained weaker against other major currencies after yesterday’s slump as Standard & Poor’s reduced Greece’s credit ratings to selective default, adding to concerns about Europe’s debt woes.…
NZ Dollar Falls as Trade Balance Posts Unexpected Deficit
The New Zealand dollar was down against its US peer before the big jump that erased the losses and remained weaker against the Japanese yen after New Zealand trade balance…
US Dollar Higher on Risk Aversion
US dollar is getting a boost today as risk appetite fades. After ending last week lower, the US dollar is gaining today as risk aversion makes an appearance, thanks to the results…
Yen Jumps After Falling to Lowest Price in Several Months
The Japanese yen reached a multi-month lows against other currencies, including the dollar and the euro, today, but surged after stocks dropped on concerns that problems in Europe will resurface again. Moodyâs…
Euro Drops after Eurozone Bashing at the G-20
This past weekend, the G-20 meeting in Mexico City seemed to have a common refrain: The eurozone needs to get its act together. Concerns about the eurozone were top of the list at the meeting, with…