The Mexican peso dropped today as the outlook for US economic growth is not very optimistic, reducing demand for exports of the Latin American country. Prospects for slower growth reduce attractiveness of emerging markets’…
The South African rand slumped today as the nation’s current account deficit surged more than expected because of slowing global economic growth that damped demand for South African exports. The shortfall…
US dollar is maintain its gains, and finding support, as the euro falters, and concerns about the global economy take precedence. Greenback is getting a boost as Chinese data, and European data, disappoint.…
The economic outlook is worsening in Europe, and that is bringing the euro down against the US dollar in Forex trading. Concerns about what’s next for the eurozone, as well as for the euro itself, are weighing…
The Australian dollar was flat today as the outcome of the Federal Reserve policy meeting was somewhat disappointing and news from Europe was mixed. The Aussie advanced versus the yen, which dropped against…
The Canadian dollar fell today even after the US Federal Reserve announced that it is going to expand the stimulating measures. The currency surprised traders as it managed to advance versus the Japanese…
The Swiss National Bank took an unprecedented step to weaken the franc as it introduced a cap of 1.20 francs per euro back in September 6, 2011. The move followed several years of unsuccessful attempts…
The Norwegian krone climbed today after Norway’s central bank left its key policy rate unchanged and signaled that there is a possibility of interest rate hike next year. Norges…
UK pound is getting a boost today, heading higher against the US dollar as Forex traders sell the greenback ahead of the upcoming FOMC monetary policy announcement. This rebound comes after…
Japanese yen is mixed in Forex trading today, gaining against the US dollar, but moving lower against the euro and the UK pound. Yen received a boost earlier as traders bought on its…