The Swiss franc broke thorough the cap against euro for the first time it was introduced half a year ago. The currency fell against the US dollar for the fourth consecutive trading session. The franc…
Posts published in April 2012
The Australian dollar rose today on the speculation that labor market in the United States continue to improve. The currency was falling this week on the forecast that the Reserve Bank of Australia may perform quantitative…
Russia’s Ruble Follows Crude Oil in Decline
The Russian ruble slid today against the US dollar as crude oil prices declined after US inventories advanced more than was predicted by specialists. US stockpiles of crude climbed by 9.0…
Risk Aversion Sends Canadian Dollar Lower
Canadian dollar is lower today as risk aversion sets in, and risk currencies lose ground. Loonie is down as investors look for ways to preserve their capital as opposed to seeing big…
Pound Rises vs. Euro on House Prices & Services
The Great Britain pound reached today the highest level in two months against the euro as house prices rose and services industry expanded. The currency retreated against the US dollar after the initial advance.…
Japanese Yen Rallies Against Other Majors
Japanese yen is rallying against other majors today as risk aversion in the markets prompts an interest in safe haven. The yen is prized for its stability, even though it is a low…
Euro Recovers from Earlier Pull Back
Earlier euro pulled back on uncertainty about the Federal Reserve minutes, as well as concerns about Spanish debt. As Spanish bond yields rose, the euro dropped. However, things are turning around…
US Dollar Edges Higher as Traders Wait for Fed Minutes
US dollar is mixed today as traders wait for the latest minutes from the Federal Reserve meeting. The minutes of the meeting should provide some insight into what different members of the board think…
USD/CAD Falls as Global Economy on Track to Recovery
The Canadian dollar climbed against its US counterpart yesterday and extended the rally today on signs of the global economic recovery. The currency also advanced versus the euro, though retreated a little today, while…
UK Pound Paring Earlier Losses on US Data
UK pound is paring earlier losses against the US dollar right now, thanks to positive data in the United States, and a return to some level of risk appetite. Manufacturing improved more than…