Posts published in March 2012

The Canadian dollar rose yesterday and is keeping its gains today as analysts predict that Canada’s central bank will keep its main interest rate unchanged at today’s monetary policy…

US dollar index is gaining today, inching a bit higher. Previously, the US dollar index was struggling as the euro came off three-week lows to post some gains. However, those…

Euro is off a three-week low today as Forex traders switch to wait and see mode with regard to the Greek bond deal, and with regard to the global economy. Euro has stabilized and is…

The Australian dollar dropped versus the Japanese yen and fluctuated against the US dollar after reaching the monthly low as the report showed that Australia’s economic growth slowed last quarter. Australian gross…

The South African rand rose today against the dollar at the beginning of the trading session. The currency struggles to keep its gains and currently fell below the opening rate. The rand rose today as some analysts…

The Australian dollar tumbled today after Australia’s central bank maintained its key cash rate unchanged, but suggested that the prospect for an interest rate cut remains. The Reserve Bank of Australia…

The Russian ruble weakened today on risk aversion caused by the report that showed a decline of the eurozone economy, turning investors away from currencies they considered too risky. Riskier assets took…

The euro slipped today after today’s report confirmed that the eurozone economy declined last quarter, bolstering the risk aversion sentiment on the Forex market. Analysts expected that today’s report would…

UK pound is declining against the US dollar today, thanks to general risk aversion weighing on high beta currencies, as well as disappointing economic data out of Great Britain. Against the euro,…

Uncertainty is growing in global markets, and that is prompting risk aversion. The US dollar is higher in response, sought as a safe haven. Greenback is higher on prospects for slowdown on a global scale,…