Posts published in April 2012

Canadian GDP Disappoints, Sending Loonie Lower

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…

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South Korean Manufacturers Feel Confident, Won Jumps

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…

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Euro Slips as Spain Enters Recession

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…

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Bank of Japan Not Able to Spoil Good Week for Yen

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…

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Aussie Posts Gains as Bank of Japan Boosts Liquidity

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,…

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Canadian Dollar Gets a Boost in Forex Trading

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…

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US Dollar Falls Across the Board

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,…

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