The Japanese yen climbed against most other major currencies after US macroeconomic report left Forex market participants disappointed and made them seek a safe haven. US employment data…
Posts published in June 2012
UK Pound Falls on Disappointing Manufacturing Data
June 1, 2012
UK pound is struggling today, dropping as disappointing manufacturing data reduces confidence in the currency. Sterling would have struggled anyway, thanks to the general risk aversion today, but the news specifically…
The New Zealand dollar fell to the lowest level this year against its US counterpart and the Japanese yen today after a report showed that China’s manufacturing sector slowed more than…
Spain’s Banking Sector Weighs on Euro
June 1, 2012
Spain’s banking sector is driving the euro lower as Forex traders worry about the pressure being put on the 17-nation currency. Spaniards are sending money abroad, creating a bank run, and that…
Australian Dollar Reaches Six-Month Low
June 1, 2012
The Australian dollar fell today, following yesterday’s drop to the six-month low against the US dollar and the Japanese yen, as signs of slowing economic growth in the United States added to worries caused by the European crisis.…