The Canadian dollar jumped today as positive employment data from the United State boosted risk appetite among Forex traders and overshadowed poor employment report from Canada itself. Reports ahead…
Posts published in February 2012
US Dollar Pares Earlier Gains
US dollar is paring some of its earlier gains against the euro as risk appetite improves. However, greenback still has the upper hand against European currencies right now as the data…
Euro Falls on Disappointing News
Euro is lower today, thanks to disappointing news coming out of the eurozone. The 17-nation currency is pulling back on falling retail sales and a disappointing bond auction in Portugal. Even the general enthusiasm…
Ruble Decline After Bank Rossii Keeps Rates Unchanged
The Russian slid today as Russia’s central bank kept its main interest rates unchanged and crude oil, the main nation’s export, traded near the lowest level in six months. Bank Rossii…
Services PMI Eases Concerns About UK Economy, Pound Gains
The Great Britain pound gained today after a report showed that UK service industries advanced last month, easing concerns about recession of Britain’s economy and making the sterling again viable…
USD Gains vs. EUR & GBP on Positive Outlook for US Economy, Retreats
The US dollar rose yesterday against the euro and the Great Britain pound on positive macroeconomic data from the United State and comments of Federal Reserve Chairman Ben Bernanke, but was somewhat weaker…
Franc Flat as Trade Balance Decreases Even as Export Grows
The Swiss franc was flat today as Swiss exports advanced, easing concerns about a new intervention by the Swiss National Bank, but trade balance surplus decreased anyway. The Swiss Federal Statistical…
Canadian Dollar Edges Higher even with Uncertainty
Canadian dollar is edging higher on market uncertainty today, gaining a bit even as risk aversion creeps into currency trading. Loonie does remain near parity with the greenback, though.…
Euro Heads Lower after Recent Rally
Euro has been showing strength against the US dollar recently, but uncertainty is creeping into the markets. As a result, risk aversion is making an appearance, and the euro is heading lower…
Pound Down as Construction in Britain Slows
The Great Britain pound erased its gains versus the US dollar and fell against the Japanese yen today after the report showed that UK construction growth slowed last month. The Markit/CIPS…