Posts published in July 2012

The euro posted the first weekly gain this month as Forex traders were more optimistic this week. There were several reasons for the good mood, but the most important one was…

US dollar is lower today, heading down against European currencies as risk appetite returns and Forex traders look for better gains. US dollar is down especially against the euro…

Euro is extending yesterday’s gains in Forex trading today. Yesterday, the euro got a boost as ECB President Mario Draghi said that everything possible would be done to save the euro.…

The Malaysian ringgit rose today on speculations that central banks of developed nations would ease their monetary policies to cope with economic slowdown. Many analysts expect that the chief of the European…

The South Korean won got a boost from favorable domestic fundamentals today. The South Korean current account widened to a record and the nation’s economy continued to grow. The Bank of Korea reported that the current…

The Canadian dollar climbed against the US dollar and the Japanese yen after European Central Bank President Mario Draghi promised that the central bank will support the euro. As one could expect,…

The Great Britain pound surged today against the US dollar and the Japanese yen after European Central Bank President Mario Draghi said that the Bank would take steps to support the currency.…

US dollar is lower in Forex trading today, dropping as traders get excited about Mario Draghi’s comments. The ECB president vowed to save the euro, and that has risk appetite surging,…

Euro has jumped higher, goosed by the comments from European Central Bank president Mario Draghi. The ECB’s commitment to the euro is helping the 17-nation currency against the US dollar, and helping spur…

The Japanese yen fell against the euro today as demand for a safe haven waned, while investors feared that Japan remains under threat of deflation. It looks like the speculations about the ESM…