Posts published in March 2012

Euro Remains Weak Ahead of GDP Report

The euro remained weaker against the Japanese yen and the Swiss franc today, though retained its gains against the US dollar, as today’s report is expected to confirm that the eurozone economy shrank…

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Rand Goes Down as China Cut Growth Forecast

The South African rand slipped today after China cut its growth forecast, hurting currencies that are dependent on commodity prices, including South Africa’s one. Uncertainty about the future…

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Japanese Yen Gains Against Majors

Japanese yen is gaining against its major counterparts today, rising as Forex traders seek some sort of safe haven and stability in the wake of the latest news out of China. Concerns about…

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UK Pound Higher after Dropping Earlier

UK pound is higher in the currency market against the US dollar, after dropping earlier today. In earlier trading, UK pound fell against the US dollar on Greek worries and the expectation of poor…

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Euro Heads Lower — Again

Euro is heading lower — again — on the Forex market today. Concerns about the eurozone are weighing on the 17-nation currency, and general risk appetite is causing traders to favor the US…

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Risk Aversion Helps US Dollar

Risk aversion is helping the US dollar today in Forex trading, providing a boost as concerns about the eurozone once again become prominent in the financial markets. Forex traders are looking for some…

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Japanese Yen Mostly Lower

Japanese yen is mostly lower today, thanks in large part to the asset buying program from the Bank of Japan from earlier this month. Stocks have been bolstered by the easing in Japan…

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