The Hungarian forint gained today after European finance ministers agreed to boost the bailout fund, leading to hope that Hungary may be able to resolve its debt problems. European finance…
US dollar index is lower today, declining as better news encourages cautious optimism and improves risk appetite. The greenback is lower against the euro on better news out of the 17-nation currency…
Euro is seeing a boost today as financial ministers in the eurozone agree to raise the firewall meant to contain the spread of sovereign debt crises to 800 billion euros. The move is only temporary, though,…
The New Zealand dollar advanced today, rising against the US dollar and erasing its previous losses versus the Japanese yen, as Asian stocks gained ahead of the meeting of European finance ministers. Yesterday,…
The South African rand advanced against the US dollar today after three day of losses as the euro gained versus the greenback on hopes that European lawmakers would approve an increase of the bailout fund.…
The Czech koruna rose today even after the Czech National Bank kept its two-week repurchase rate unchanged yesterday on concerns that the global economic slowdown will hurt demand for nation’s…
Forex market sentiment wasn’t favorable for riskier assets today, but Canada’s dollar managed to gain against the US dollar and the euro. The currency also reduced its losses versus the Japanese yen.…
Australian dollar is heading lower today, largely due to risk aversion. High beta currencies like the Aussie are at a disadvantage today as Forex traders seek safe haven with the US…
US dollar is strengthening in Forex trading as concerns about the eurozone continue to weigh on world markets. Slightly disappointing data in the United States, along with worries that the debt crisis in Europe…
The Indian rupee slipped today as the signs that the global economic recovery is slowing hurt prospects for currencies of riskier emerging markets and caused the speculation that India’s economy may suffer as export…