US dollar is lower across the board as equities show some spunk today. US stock futures are expected to open higher, and British stocks are higher today. There is…
US Dollar Lower Across the Board
February 23, 2012
Posts published in February 2012
Euro Rises as German Business Confidence Reaches Seven-Month Record
February 23, 2012
The euro advanced today as German business confidence this month reached the highest level in seven months, easing concerns about economic growth of the eurozone. The concerns haven’t completely disappeared, though, and the currency…
Rand Gains as South Africa Strives for Smaller Budget Deficit
February 23, 2012
The South African rand gained today as South Africa may avoid credit rating downgrade from rating agencies by decreasing its budget deficit faster than was previously estimated. South…
Yen Falls as Traders Anticipate More Stimulus from Bank of Japan
February 22, 2012
The Japanese yen slipped today versus the US dollar and the euro today as Forex traders were concerned that the Bank of Japan will continue expanding its asset purchase program to counter deflation. The BoJ…
Pound Slips as Minutes Show Probability of Quantitative Easing
February 22, 2012
The Great Britain pound erased its gains versus the Japanese yen and slumped against the US dollar and the euro today as the minutes of the Bank of England monetary policy meeting showed that some policy…
Euro Falls as Eurozone Economic Data Points to Possible Recession
February 22, 2012
The latest economic data out of the eurozone is pointing to a possible recession, and that has the euro losing ground to the US dollar today. Business activity in the eurozone showed an unexpected contraction for the month of February,…
US Dollar Surges against Japanese Yen
February 22, 2012
US dollar is surging against Japanese yen today. The result is a strong expectation for Japanese company earnings, and hopes that things can get back on track for Japan, now that…
Aussie Falls on RBA Minutes, Pares Losses on Positive Fundamentals
February 22, 2012
The Australian dollar sank after the minutes of the last central bank’s monetary policy meeting indicated that policy makers are ready to ease the policy further. Currently, the Aussie is attempting to reverse…
Yen Falls, Erases Losses vs. Euro
February 21, 2012
The Japanese yen retreated today against the US dollar and the euro after Greece received bailout from the European Union. The currency pared its losses versus the euro, though, and gained against the Great…
Canadian Dollar Mixed Today
February 21, 2012
Canadian dollar is mixed today in the wake of the Greek debt deal. Instead of heading higher against the US dollar on risk appetite, though, the loonie has been stilted today. Mixed economic…