Today, Spain’s woes are in focus, and that is sending the euro lower. EUR/USD is below the 1.2500 mark, and possibly heading even lower, thanks to concerns about Spain, as well as uncertainty…
Spain’s Troubles Send Euro Lower
May 30, 2012
Posts published in May 2012
Yen Gains on Woes of Europe, Flat vs. Dollar
May 29, 2012
The Japanese yen gained against most major currencies today as endless woes of European countries spurred demand for safer currencies. The yen was flat versus the US dollar, though, as the greenback is…
Europe Drives Loonie to Monthly Loss
May 29, 2012
The Canadian dollar fell today, heading to a monthly loss against the US dollar and a second straight monthly drop versus the Japanese yen, as the crisis in Europe eroded demand for currencies related to growth. Unsurprisingly,…
Australian Dollar a Little Higher Today
May 29, 2012
Australian dollar is maintaining gains today, heading a little bit higher as some risk appetite returns to the markets. Also helping the Aussie is the fact that gold prices are gaining…
US Dollar Looks to End May on a Strong Note
May 29, 2012
US dollar looks to end May with relative strength, thanks in large part to safe haven demand. Even though the euro is inching higher right now, on the month the US dollar…
Euro Declines as Fears Grow
May 29, 2012
The euro extended its decline today amid mounting concerns about the sovereign-debt crisis in Europe and the ability of the eurozone to keep its integrity, caused by uncertainty about the June elections in Greece and signs that…
Franc Rebounds After Weber’s Comments
May 29, 2012
The Swiss franc advanced today, paring yesterday’s losses against the US dollar, as former Bundesbank President Axel Weber hinted that the currency may be appreciating amid the escalating crisis in Europe.…
Rupee Drops, Can Hurt India’s Economic Recovery
May 28, 2012
The Indian rupee dropped today, leading to concerns that the weak currency, which was the worst-performing Asian monetary unit last year, would spur inflation and hurt the economic recovery of India. The Reserve…
Brazilian Real Climbs as Central Bank Sells Swaps
May 28, 2012
The Brazilian real advanced today as the central bank auctioned currency swaps in a attempt to keep the real, which was the worst performer among 16 most-traded currencies, from sliding down and hurting consumers.…
Canadian Dollar Sees Small Gains
May 28, 2012
Canadian dollar is seeing small gains today as oil prices rise a little, and as a bit of optimism returns to the markets. There are hopes that Greece will remain in the eurozone, as well as some…