US dollar is heading higher as uncertainty in the financial markets creates a demand for safe haven currencies. Greenback is heading higher against the euro and the UK pound. While the pound has been…
The Russian ruble was down today, falling for the third day, as prices for crude oil, the main nation’s export, declined amid concerns about the global economic recovery. Futures on crude oil fell…
The Swedish krona fell today after a report showed that nation’s industrial production declined significantly more than expected and as risk aversion damped demand for European currencies. Industrial production fell…
Risk aversion remains intact today, and that is weighing on the UK pound. Concerns about global economic growth are still plaguing the markets, and that means that the UK pound is…
The Australian dollar gained today after China’s consumer price inflation accelerated last month more than was predicted by analysts. Experts remain skeptical about the ability of the Aussie to rise in the near…
The US dollar fell today against most major currencies as the worse-than-expected payrolls fueled the speculation that the Federal Reserve will stimulate the US economy, weakening the currency at the same time. US non-farm…
Canadian dollar is heading lower as commodities struggle today. Oil prices are having an especial effect on the loonie today, as they are very connected to the performance of the Canadian currency. Also weighing…
The Indian rupee declined today as last week’s US non-farm payrolls disappointed Forex market participants, sapping demand for riskier currencies of emerging markets. US employers added 120,000 jobs last…
Euro is pulling back today as concerns about sovereign debt continue to dominate the conversation about the eurozone. Additionally, general risk aversion concerning the state of the global economy is weighing on the euro.…
The Japanese yen advanced today after Japan posted trade balance surplus in February and as concerns about the possible North Korean rocket launch increased demand for the yen as a safe haven. Japan’s current…