The Canadian dollar fell against its US counterpart and the Japanese yen as the threat of Greece exiting the eurozone weighed on commodity currencies. On the other hand, the loonie gained versus the euro. Canada is lucky…
Posts published in May 2012
Aussie Struggles on the Forex Market
May 14, 2012
Australian dollar is struggling on the Forex market, especially against the US dollar. Concerns about what’s happening in Europe are affecting risk appetite, and sending Forex traders away from riskier…
US Dollar Gains Against Euro in Forex Trading
May 14, 2012
US dollar is heading higher against the euro in Forex trading right now, gaining as concerns about Spain and Greece come into sharper focus. Greenback is also higher against…
Euro at 3-Month Low as Greece May Leave Eurozone
May 14, 2012
The euro fell today, reaching the lowest level in more than three months against the US dollar, as speculation that Greece may leave the eurozone drove away investors from the shared 17-nation…
Pound Gains, Threatens Economy of UK
May 14, 2012
The Great Britain pound rose today as the safe haven role of the currency helped it to profit from speculation that Greece may leave the eurozone. The strength of the sterling caused worries that it…
The Great Britain pound fell against the US dollar and the Japanese yen this week as growing concerns about the health of the UK economy reduced appeal of the currency. The sterling is still perceived as refuge…
The Australian dollar slipped, falling to the lowest level this year against its US peer, as negative macroeconomic data hurt prospects for Australia’s exports and general pessimistic sentiment on the Forex market reduced…
Pound Drops as Consumer Confidence Worsens
May 11, 2012
The Great Britain pound declined after a report showed that confidence of Britons worsened last month, spurring speculation that the Bank of England will be forced to perform quantitative easing. Nationwide…
Ruble Follows Oil Price in Decline, Rebounds
May 11, 2012
The Russian ruble fell today, before rebounding later, as prices for crude oil, the chief export of the country, declined, resulting in a drop of the trade balance surplus. Crude oil prices fell 0.2 percent…
Canadian Dollar Gets Boost on Employment Gains
May 11, 2012
Canadian dollar is getting a boost today against the US dollar as employment news turns out more positive than expected. Loonie is higher against its US counterpart on the good…