The Swedish krona gained today after the nation’s central bank left its key repo rate unchanged. The bank slashed the rate two times since December. The currency gave away part…
Krona Gains as Riksbank Keeps Repo at 1.5 Percent
July 4, 2012
Posts published in July 2012
Aussie Climbs with Stocks & Commodities
July 4, 2012
The Australian dollar advanced as global stocks and commodities rallied on prospects of an interest rate cut by the European Central Bank. Positive fundamentals in Australia also helped the currency. Riskier assets continued to rise on prospects…
Swiss Franc Follows Euro in Gains
July 3, 2012
The Swiss franc rose today as the euro advanced on positive Forex traders’ mood. The Swissie was higher against the US dollar and the Japanese yen and remained flat versus the currency of the eurozone. The franc was…
US Dollar Softens as Factory Orders Rise
July 3, 2012
US dollar is softening today, thanks to better than expected economic news. Factory orders rose more than expected, and that is providing a bit of a boost for markets after yesterday’s…
Canadian Dollar Gets Boost in Forex Trading
July 3, 2012
Canadian dollar is getting a boost in Forex trading today, heading higher as oil prices rise, and at the prospect of more quantitative easing in Europe, as well as stimulus in China. With other currencies on the verge…
The Japanese yen weakened today as global stocks rallied on speculations that central banks of developed nations would cut interest rates to bolster slowing growth of their economies. Most analysts agree…
Won Gains as ECB Expected to Cut Interest Rates
July 3, 2012
The South Korean won advanced today on speculations that the European Central Bank would decrease its main interest rate, bolstering the eurozone economy and improving prospects for exports of emerging economies. Optimism,…
Aussie Retreats as Market Mood Worsens
July 3, 2012
Friday’s euphoria has gone from the Forex market and riskier commodity currencies retreated, following the sharp rally in the last trading day of the previous week. The Australian dollar was among losers. Not…
The euro retreated today, following the huge gains on Friday, as the eurozone unemployment rate rose and investors speculated that the central bank may decrease its interest rates. Eurostat reported that the eurozone…
UK pound is mixed today, due to the situation in the markets. Pound is down against the US dollar as the risk rally from last week loses steam, but higher against the euro…