The Canadian dollar continued its race down, falling to the lowest level this year against its US peer and to the four-month low versus the Japanese yen, as the situation in Europe does not shows…
The South Africa traded sideway, following the drop to the lowest price this year, on speculations that it fell too much and as exporters profited from the weak rand, converting their overseas earnings…
Cautious optimism is the watchword today, and that is helping other major currencies against the US dollar. Greenback is lower today as Forex traders find some reasons to look forward,…
Brazil’s central bank lowered its main interest rate today in an effort to boost economic growth. The Brazilian real declined against the US dollar after that monetary policy decision. The Banco…
Japanese yen is on the rise again, heading higher as concerned Forex traders look for safe haven assets. The yen is considered one of the safer currencies, and with all of the turmoil and uncertainty in Europe,…
The Great Britain pound fell to the four-month low against the US dollar and to the three-month low versus the Japanese yen on concerns that the spreading European crisis may negatively affect the UK economy. Paul…
Europe’s debt story continues to eat away investor’s confidence and, as a result, the Canadian currency continues to suffer. The euro feels even worse, though, and the Canadian dollar reached the highest level in almost…
The Australian dollar dipped today as negative report about Australian retails sales added to overall negative sentiment among Forex market participants. The data reinforced opinion that the nation’s central bank…
US dollar is rallying as risk aversion takes hold of the markets. Financial markets are falling everywhere, from high beta currencies to stock markets. Concerns about the eurozone are mainly…
The Swedish krona advanced versus the euro today as the nation’s economy expanded last quarter. The currency was down against the US dollar as overall market sentiment remained depressed. Statistics Sweden reported…