Euro is down across the board today, falling as concerns about what is happening in the eurozone weigh on financial markets around the world. The financial and political turmoil in the eurozone are causing trouble,…
Posts published in May 2012
Japanese Yen Strengthens on Risk Aversion
Risk aversion is rising right now, and the Japanese yen is gaining across the board because of it. Concerns about Europe continue to dominate the markets, and Forex traders are looking for stability…
The Taiwan dollar fluctuated today as the impact of the general negative sentiment on the Forex market battled with the influence of speculation that the nation’s central bank will allow the currency appreciate. Analysts speculate that…
The Australian dollar dropped today, trading near this year’s lows, as a government report showed that the nation’s trade balance deficit in March was bigger than estimated by specialists. Australia’s trade…
Euro Sinks Under Political Weight
Euro is sinking right now, forced down by the political situation in the eurozone. Concerns about what’s next for the 17-nation currency zone are dragging down the euro as Forex traders look for safety,…
The South African rand dropped today to the three-week low after head of the national roads agency resigned, spurring talks that South Africa’s budget deficit will grow as the country will be…
US Dollar Index Retains Modest Gains
US dollar index is retaining its earlier modest gains today as risk aversion sets in. Concerns about the Greek drama playing out, as wells concerns about the state of the global…
Pound Falls on Negative House Price Balance
The Great Britain pound dropped today house price balance fell last month more than was predicted by analysts, spurring speculation that additional stimulus from the Bank of England should…
The Mexican peso fell today as fears of the European financial crisis intensified after the elections the past weekend revealed growing resentment against austerity measures in European countries. The currency managed to rebound later.…
Canadian Dollar Steady Today
Canadian dollar is mostly steady today. Amidst uncertainty about Europe, and concerns about what’s next, the loonie is managing to hold its own, especially against the US dollar. Risk…