The announcement that eurozone leaders are ready to bailout Spain is boosting risk appetite today, and sending the US dollar lower. Even though some of the euro’s gains have been pared…
US Dollar Pulls Back on Spanish Bailout
June 11, 2012
Posts published in June 2012
Ringgit Gains as Spain’s Bailout Improves Traders’ Mood
June 11, 2012
The Malaysian ringgit rose today, following other Asian currencies in gains, as the news about a bailout for Spain fueled optimism among investors and attractiveness of higher-yielding assets. The bailout for Spain eased tensions about…
Euro Jumps on Bailout for Spain
June 11, 2012
The euro jumped sharply at the beginning of today’s trading session as Spain is going to receive a rescue from the European Union. The currency weakened after the initial rally, but remained far above the Friday’s…
The Australian dollar had a nice rally this week as positive domestic fundamentals added to improving market sentiment that pushed currencies related to growth higher. That was a refreshing sight after…
The Australian dollar fell against most major currencies today, but reversed losses by the end of the session as attractiveness of riskier assets returned after market sentiment improved somewhat. Investors’ mood was…
The Canadian dollar dropped against its US peer and the Japanese yen as a set of poor fundamental data was released today. The currency managed to trim its losses against the yen and advance versus…
US Dollar Heads Higher on Return of Risk Aversion
June 8, 2012
US dollar is heading higher today as risk aversion returns to the markets and investors and Forex traders look for safe haven assets. Global economic uncertainty has many wondering what will…
Euro Falls as Global Growth Concerns Return
June 8, 2012
Euro is falling once again, thanks to concerns with global growth. Economic weakness in the eurozone, as well as another downgrade for Spain, are weighing on the euro. It’s not helping, either, that…
Ruble Goes Down with Crude Oil as Traders Cautious
June 8, 2012
The Russian ruble declined today as prices for crude oil, the main export of Russia, fell after Federal Reserve Chairman Ben Bernanke made traders cautious, mentioning threat to the US economy from…
The Mexican peso retreated today, after reaching the highest level in more than two weeks against the US dollar yesterday, as comments of the Federal Reserve Chairman Ben Bernanke muted optimism of Forex…