Posts published in July 2012

UK pound is steading in Forex trading today, moving in a more positive direction against the US dollar. After some losses to the greenback, due largely to risk aversion, pound is eking…

The South Korean won rose today, paring earlier losses, as positive data from China improved the market sentiment. News from Europe was not pretty, though, and the mood did not…

The New Zealand dollar advanced today, following two sessions of decline against the US dollar, as positive macroeconomic data from China boosted prospects for New Zealand exports. The Conference Board leading…

The Australian dollar fell today amid growing concerns that the global economy is faltering. Prospects for the Australian currency are not bad, though, as the domestic fundamentals should support the Aussie. Higher-yielding…

The Canadian dollar was weak today. The explanation for the poor performance was simple: worries about Europe and its debt gain strength again. The Canadian dollar fell even versus the euro, which…

US dollar is heading higher today, gaining as risk aversion rises, and concerns about the future of the eurozone dominate world markets. Greenback is getting a boost as a safe haven as Forex traders…

It’s been two years since the euro has hit levels seen today. Concerns about the need for a major Spanish bailout are on the rise, and that is dragging down the euro. Spain…

The Indonesian rupiah fell today, before rebounding, as worries about the economic slowdown in China made investors reluctant to buy risky currencies. The currency traded at its opening level after the earlier drop.…

The Russian ruble dropped today as the yield on Russian bonds grew amid concerns that the global economy is slowing and demand for Russia’s exports would wane. Prices for crude oil, the main export…

The latest economic data out of Britain is disappointing, showing a wider budget deficit than expected. However, even with this disappointing news, the pound is still performing better than…