Thai baht fell today as nation’s Finance Minister Kittiratt Na-Ranong expressed concerns that the strong currency hurts Thailand’s economy and voiced his opinion that the central bank should ease…
Posts published in March 2012
NZ Dollar Rises as US Economy Demonstrates Recovery
March 23, 2012
The New Zealand dollar advanced today on hopes that demand from the United States would support prices for raw materials as the US economy shows signs of robust recovery. Yesterday, reports showed…
Yen Gains as Traders Require Safety
March 22, 2012
The Japanese yen surged today as Forex market participants preferred to avoid risk and stick to safer assets, allowing the currency to continue its rally that followed more than a week of losses. China’s…
The Canadian dollar slid today as news from China and Europe wasn’t particularly favorable, reinforcing investors’ willingness to stick to safer assets and avoid riskier ones. Fundamentals in Canada itself also weren’t…
Euro Struggles on Disappointing Data
March 22, 2012
Euro is struggling today, once again lower as forex traders consider the state of the eurozone economy. Additionally, general risk aversion is also weighing on the euro as economic jitters set in and forex…
Risk Aversion Sends Dollar Index Higher
March 22, 2012
Concerns about the economies of different regions are weighing on riskier assets today. Indeed, risk aversion is on the rise again, and that means Forex traders are looking for safe haven. The result…
Won Drops as China’s Manufacturing Slows
March 22, 2012
The South Korean won fell today on concerns that the economic slowdown in China may negatively affect the Asian region as a whole. As of now, the currency pared some of its losses. Preliminary report from…
Yuan Rises as China Eases Regulations
March 22, 2012
The Chinese yuan advanced today on the speculation that nation’s policy makers may ease regulations for banks to support the Chinese economy that is experiencing slowdown. The People’s Bank of China plans to ease…
Canadian dollar is softening against the US dollar today, after seeing some earlier gains. Now, though, risk aversion is returning to the financial markets, and loonie is heading lower.…
UK Pound Drops on Government Borrowing
March 21, 2012
UK pound is struggling today, dropping on the latest figures related to government borrowing. As the government prepares to share its new budget, it’s clear that there isn’t going to be much…