US dollar is pulling back in Forex trading, heading lower after a few days of strength. Risk appetite is rising, and the greenback is losing steam as Forex traders look for higher…
Posts published in March 2012
Ringgit on Signs of Economic Slowdown in Malaysia
The Malaysian ringgit fell today on concerns that Malaysia’s economy is slowing and after the US Federal Reserve refrained from quantitative easing, sparking the speculation that there will be less…
Euro Mostly Flat on Disappointing Data
Eurozone data continues to disappoint, leaving the euro mostly flat today. Even though euro is a little higher against the US dollar and the UK pound, gains have been somewhat insignificant…
Franc Jumps as SNB Maintains Ceiling
The Swiss franc climbed today after the Swiss National Bank maintained the ceiling for the currency and increased its growth forecast. The franc rose for the first day after two sessions of decline. The Swiss central…
Norges Bank Unexpectedly Cuts Interest Rates, Krone Slumps
The Norwegian krone slumped against the US dollar yesterday and remained weak today as the nation’s central bank cut its key interest rate, surprising market participants and making them shun the Norwegian…
Loonie Lower on Greenback Strength
Canadian dollar is weaker today, heading lower as the US dollar shows strength, and as commodities fall back. Today, it’s not a lot about economic data — including trade data…
Rand Tumbles on Speculation that Central Bank Buys Dollars
The South African rand slumped today after two days of gains on the speculation that the central bank bought dollars to keep the currency from appreciating further after it had reached the highest…
Japanese Yen Retains Weakness in Forex Trading
There’s a great deal of optimism going around the financial markets right now, and that means that there isn’t much need for the Japanese yen. With good news out of the United States,…
GBP Fluctuates After Jobless Claims Climb
The Great Britain pound fluctuated versus the US dollar today after a report showed that jobless claims rose last month more than was predicted. The currency was falling throughout…
Australian Dollar Jumps on US Economic Recovery
The Australian dollar advanced as stocks and commodities rallied after the Federal Reserve released the minutes of its monetary policy meeting, indicating that the US economy is improving. The Fed indicated that the US…