The South Korean won gained today against the US dollar as the nation’s economy expanded and general sentiment on the Forex market was rather positive for higher-yielding currencies of emerging markets. Yet there are…
The yen fell today, dropping for the fourth consecutive session, as China’s interest rate cut triggered speculations that the country is going to stimulate its economy. Forex traders felt optimism and left…
China announced, in a surprise decision, that it is cutting its interest rate. The announcement helped maintain risk appetite from yesterday, and provided a boost for the Australian dollar. Aussie is seeing…
The Bank of England kept its benchmark interest rate the same, as well as announced that it will not expand its quantitative easing plan at this time. The news served to help bring…
The euro gained today against the Japanese yen on positive results of a French debt auction and signs that the European Central Bank may take actions to battle the financial crisis. The currency was down…
The Australian dollar climbed today, rising for the fourth straight session against the US dollar and the Japanese yen, after Australia’s employment unexpectedly rose in May. Australian employers added as much as 38,900 jobs…
Risk appetite is returning to the financial markets as the good news about the eurozone takes precedence. As a result, the US dollar is heading lower as Forex traders look for higher yields. However, greenback…
Euro is heading higher today as optimism about what eurozone leaders will do to ease the crisis rises. There are hopes that Spain’s situation will prompt action from…
The New Zealand dollar gained today as milk prices jumped and risk appetite of Forex traders bolstered appeal of currencies tied to prices of commodities. That was the third consecutive session of gains of the currency…
The Australian dollar advanced today, rising for the third straight session against the US dollar and the Japanese yen, as Australia’s economy grew in the first quarter more than analysts predicted. The currency also rose…