Posts published in June 2012

Franc Follows Euro in Gains, EUR/CHF Closes Flat

The Swiss franc advanced, following the euro in gains. The Swissie fell versus the shared European currency itself, but quickly recovered and ended the session flat. The European summit and agreements that European politicians…

Read More

CAD Gains on Traders’ Euphoria After Summit

The Canadian dollar jumped against the US dollar and the Japanese yen, demonstrating the biggest advance this year, as risk appetite ruled the Forex market after the conclusion of the two-day EU summit. The currency closed…

Read More

Japanese Yen Slides as Risk Appetite Rises

Japanese yen is sliding as risk appetite rises on unexpectedly good news out of Europe. The fact that there has been something resembling progress has led to an increase in risk appetite,…

Read More

Pound Drops as Britain in Recession

The Great Britain pound weakened as the United Kingdom entered recession, bolstering the case for the Bank of England to ease its monetary policy further to aid the struggling economy. Britain’s gross domestic product shrank…

Read More

European Summit Starts, Euro Remains Lower

The euro fell today against the US dollar for the fourth straight day even as a two-day meeting of European leaders has started. The currency was also down versus the Japanese yen, but climbed…

Read More

Loonie Drops as High Beta Currencies Fall

Canadian dollar is struggling today, especially against the US dollar, as concerns in Europe, as well as uncertainties elsewhere weigh on riskier assets. As equity markets fall, and commodities pull back, high beta…

Read More