Posts published in June 2012

The Swiss franc appreciated for the second day against the US dollar today as fears of escalating sovereign-debt crisis in Europe forced investors seek a safe haven. The currency was flat against the euro. Forex…

The Mexican peso climbed yesterday and kept its gains today amid speculations that the US Federal Reserve would increase its stimulus for the US economy, improving prospects for export-oriented countries. Federal…

The Great Britain pound gained today as Forex traders quickly lost belief that the bailout for Spain would resolve the countries problems. Fears returned to the FX market and pound again was considered…

Aussie is finding support against other majors today, reversing earlier losses. Thanks to a little boost from gold, and Australia’s connection to the Chinese economy, Aussie is eking out modest…

Euro continues to struggle as debt concerns remain in the spotlight. The ratings agency Fitch has issued a warning that downgrades are possible for the AAA nations in the currency region. Additionally, Nouriel Roubini is…

The Swedish krona was rising today even after a report that showed nation’s inflation slowing. The crisis in the eurozone has hurt Sweden’s economy, but economists say that the economic situation…

The Japanese yen fell today as the International Monetary Fund voiced opinion that the currency is overvalued and Japan’s monetary authorities should take steps to weaken the yen. The IMF stated that the Japanese…

The New Zealand dollar fell against the Japanese yen and the US dollar, rising versus the euro at the same time, after the announcement of the â‚¬100 billion rescue package for Spain. Initially, the reaction to the announcement was…

The Japanese yen rose today against most major currencies as the Forex market shifted from risk-on mode to risk aversion. The currency erased its earlier losses that were caused by positive…

Canadian dollar received a boost earlier, but the good news has since faded. A short-lived risk rally helped the loonie higher, but now concerns over what’s next for Europe have…