Posts published in June 2012

The Japanese yen dropped today after Finance Minister Jun Azumi said that the Group of Seven is not going to object interventions to contain big currency move. That leaves room…

The Canadian dollar climbed today after the Bank of Canada left its key overnight rate at 1 percent and hinted that interest rates hikes may follow in the future despite weakening global…

The South Korean won declined today as members of the Group of Seven meet today. Forex market participants do not believe that the meeting will bring anything new and expect only more…

Aussie’s performance has been affected only slightly today after a Reserve Bank of Australia rate cut. Aussie is a recovering against the US dollar today, due mostly to general risk…

UK pound is down against the US dollar today, but higher against the euro. Once again, the interesting place the UK pound finds itself in is contributing to its mixed performance.…

The Russian ruble advanced today for the second day as the nation’s central bank stepped up to support the currency and crude oil, the main Russia’s export, rebounded after reaching a lowest level in more than…

Asian currencies, the Malaysian ringgit among them, were down today as negative data from China on the weekend followed poor macroeconomic reports from the United States on Friday. China’s Purchasing Manufacturing…

The rebounded today, posting the second day of gains, but sustainability of the rally is highly questionable. Earlier, the currency declined as European leaders struggled to find a solution for the debt problems of the European Union. Concerns…

Canadian dollar is mixed today, turning in a spotty performance, as Forex traders weigh the week ahead. Commodities are lower, which affects the loonie, but there is also a small element…

Earlier, US dollar was higher against its major counterparts, gaining as Forex traders looked for safe haven as growth worries persisted. Now, though, the greenback is heading a little bit…