The Australian dollar fell today on speculation that the Reserve Bank of Australia will cut its main interest rate as the European problems cause a negative impact on Australia’s economy. The RBA holds a monetary…
Posts published in April 2012
Canadian GDP Disappoints, Sending Loonie Lower
April 30, 2012
Canadian GDP surprised analysts and traders to the downside today, with February GDP declining 0.2%. The news came at the same time that reports of slowing consumer spending and income were reported in the United…
US dollar index is recovering somewhat today, thanks to vulnerability shown by some of the other majors today. Once again, the euro is showing a degree of weakness in forex trading, as is the pound.…
South Korean Manufacturers Feel Confident, Won Jumps
April 30, 2012
The South Korean won climbed today as nation’s manufacturer confidence jumped to the nine-month high and hopes for growth of the US economy boosted prospects for higher-yielding assets of emerging markets. The Bank of Korea reported that…
Euro Slips as Spain Enters Recession
April 30, 2012
The euro fell today as Spain’s economy entered a recession, fueling concerns that the financial crisis is spreading across Europe. That was the first day of decline against the dollar after four…
Bank of Japan Not Able to Spoil Good Week for Yen
April 28, 2012
The Japanese yen gained this week against other major currencies and headed to the biggest monthly gain since June against the US dollar on fears of the crisis in Europe and concerns that the health of the US…
The Mexican peso trimmed its losses versus the US dollar today after the nation’s central bank left it key overnight interbank funding rate unchanged for the 26th consecutive meeting, disappointing…
Aussie Posts Gains as Bank of Japan Boosts Liquidity
April 27, 2012
The Australian dollar climbed today, reaching a monthly high versus its US counterpart, after the stimulating measures of the Bank of Japan boosted commodities and global stocks. The currency was down against the yen,…
Canadian Dollar Gets a Boost in Forex Trading
April 27, 2012
Canadian dollar is getting a boost today in forex trading, receiving some help from disappointing US economic data. Indeed, a lot of the loonie’s gains today are coming as a result of disappointing…
US Dollar Falls Across the Board
April 27, 2012
US dollar is falling across the board today as some optimism makes an appearance in the markets, and as traders continue to digest the latest statement from the Federal Reserve. The dollar index is down today,…