The Turkish lira fell today after Turkey’s warplane was shot down by Syrian forces in international airspace, heightening political tensions between the Middle Eastern countries. Turkey said that it…
The US dollar rallied this week as the Federal Reserve disappointed Forex market participants who expected a third round of quantitative easing. QE was priced in and its absence moved the currency higher.…
The Australian dollar rose against most of its major peers as negative macroeconomic data from the United States spurred speculations that the Federal Reserve would stimulate the slowing economy. Many Forex…
The Canadian dollar jumped today as traders were feeling in mood to risk even as problems of Europe remained unresolved and it was unclear if the United States would be able to sustain its…
The Brazilian real rallied today on hopes that European politicians would find a way out of the sovereign-debt crisis that plague the countries of the European Union. Riskier currencies of emerging markets rallied on improving…
The Hungarian forint climbed today, before trimming its gains, as the government may remove a legislative obstacle that prevented talks about a bailout. The currency pulled back after the initial gains, but…
US dollar is falling back today, heading lower as optimism makes an appearance. High beta currencies like the euro and the pound have the upper hand today as Forex traders look for a solution…
Euro is moving higher right now as the markets calm down from yesterday’s huge break down. Concerns about the global economy, along with a mass downgrade of banks by Moody’s Investors…
The Australian dollar slumped as Moody’s Rating Agency lowered credit ratings of several banks and global stocks dropped, giving evidence that markets are currently in a risk-off mode that is negative…
The Canadian dollar slumped against its US counterpart and erased its gains versus the Japanese yen today as Canadian retail sales unexpectedly fell. Still, the currency was higher against the euro.…