Posts published in May 2012

US dollar is mixed today as gains against the pound and the yen are offset to some degree by the way the euro is managing to eke out gains in spite of the turmoil over Greece. However,…

Earlier, the euro headed lower as concerns about Greece overcame the markets and worried Forex traders and investors. Good news out of the United States, though, is changing the picture a little bit and providing…

The Chinese yuan weakened a little today as the crisis in Europe reduced attractiveness of emerging markets’ assets and as China’s central bank lowered reference rate. New elections in Greece may be held as soon…

The Canadian dollar advanced today against the euro as the political turmoil in Greece made traders flee from the shared European currency. The loonie also rose a little versus the Japanese yen, but fell…

The Australian dollar gained today on speculation that its previous losses were excessive. The currency trimmed gains versus the Japanese yen and fell against the US dollar as fears of the European crisis returned…

The New Zealand headed to the lowest level this year against the euro as Germany’s economic growth boosted the shared 17-nation currency. The kiwi erased this year’s gains against the US dollar. The New…

US dollar is gaining ground after pulling back against the euro earlier. Greenback is now gaining the upper hand against many of its major counterparts. Risk appetite is…

UK pound is declining today, especially against the euro, as the latest news indicates that the eurozone is likely to avoid a recession. The pullback in the pound is not limited to its performance against…

The euro rose today, rebounding from the lowest level in several months, as Germany’s economy grew last quarter, easing worries about the negative impact that the credit crisis has on the eurozone economy.…

The Brazilian real fluctuated today as Brazil’s government indicated that it is not going to intervene in the exchanged markets in order to support the currency. The willingness of the government to allow the currency to weaken harmed the real,…