The Hungarian forint fell today as negative macroeconomic data from Germany scared investors and made them reluctant to buy risky assets. German retail sales fell 0.1 percent in June, frustrating…
Forint Suffers from Bad German Data
July 31, 2012
Posts published in July 2012
EUR/CAD Rebound from Record Low as Canada’s Growth Slows
July 31, 2012
The Canadian dollar fell today against most major currencies after the report showed that economic growth of the North American country slowed more than was anticipated. Canada’s gross domestic…
US Dollar Mixed in Forex Trading Today
July 31, 2012
US dollar is mixed in Forex trading today, a product of the unsettled and interesting events taking place right now. There is a bit of risk appetite on the Forex market, and that is weighing…
Euro Retains Upper Hand, But Sees Limitations
July 31, 2012
Euro retains the upper hand today, gaining against its major counterparts, thanks in large part to expectations about what the ECB will decide. A policy decision is expected later this…
Aussie Gains on Better-Than-Expected Housing Report
July 31, 2012
The Australian dollar rose today after the release of the housing report that was better than expected by market participants. The positive data reduce the probability of an interest rate cut. Building approvals fell…
The Great Britain pound fell today against the US dollar and the euro as the report showed that confidence of Britain’s consumers remained negative. The GfK Consumer Confidence index stayed unchanged at -29 in July,…
Ruble Falls as Optimism Retreats from FX Market
July 30, 2012
The Russian ruble fell today, erasing its earlier gains, as Forex traders felt themselves less optimistic and were reluctant to buy risky assets. Today’s trading session has started on a positive…
Swedish Krona Rides Higher on Good GDP Growth
July 30, 2012
The Swedish krona climbed today as Sweden’s economy demonstrated solid growth in the past quarter, adding to the appeal of the currency. Swedish gross domestic product (seasonally adjusted) expanded by 1.4 percent in the second quarter…
Japanese Yen Rises as Eurozone Uncertainty Grows
July 30, 2012
Japanese yen is gaining again, rising as eurozone uncertainty continues to grow. Concerns about what’s next for the eurozone dominate the markets right now, and worries about what could happen next…
UK Pound Struggles Against Dollar on Recession Concerns
July 30, 2012
UK pound is struggling against the US dollar today, thanks in large part to concerns about a deepening recession. Fears about a British recession have been mounting in recent weeks, even…