The Mexican peso gained on speculations that the Federal Reserve will stimulate the US economy as measure to support the faltering recovery and on rumors that European central bank will coordinate their efforts to bolster…
The euro advanced against other major currencies today as poor macroeconomic data from the United States weakened the dollar and spurred speculations that the Federal Reserve will stimulate the economy to support the faltering…
US dollar index is slipping today as Forex traders find risk appetite, even though there is little good news coming out of Europe. Instead of seeing risk aversion…
UK pound is mixed today, gaining against the US dollar, but pulling back against the euro. Risk appetite is making a cautious appearance in the currency markets, even with trouble…
The Indonesian rupiah fell today, leading other Asian currencies in decline, after Moody’s Investors Service downgraded Spain’s sovereign-credit rating, refueling concerns caused by the crisis in the countries of the eurozone. Currently the rupiah…
The Swiss franc was flat today against the US dollar and fell versus the Japanese yen after the Swiss National Bank maintained its main Libor interest rate and reiterated the pledge to keep…
The New Zealand dollar started today’s trading session posting gains after the Reserve Bank of New Zealand decided to keep its key Official Cash Rate unchanged and hinted that the economy…
The Canadian dollar fell today against most of its major peers as poor fundamental reports from the United States dimmed prospects for Canadian exports, while European problems still damp demand…
Euro is holding to earlier gains, and even building again, thanks to an appearance of risk appetite. Earlier, risk appetite faded a bit after US retail sales data, but now there…
Greenback may be lower against the euro right now, but it is already showing signs of drifting higher as risk aversion makes an appearance. Retail sales data in the United States…