Japanese yen is surging against its major counterparts today, thanks to renewed concerns about what’s next for the eurozone. Lackluster US earnings aren’t helping much, either. As a result, the yen…
Posts published in July 2012
US dollar was higher against the euro earlier, thanks in large part to concerns over Spanish debt. However, some of those fears have been allayed with the latest news out…
Euro Continues to Struggle on Spanish Borrowing Costs
Euro continues to struggle today, with Spanish borrowing costs causing one of the issues, and underscoring the fact that eurozone leaders seem unable (or unwilling) to take the steps necessary to truly ending the crisis…
Australian Dollar Benefits from Rally on Stock Markets
The Australian currency managed to set new highs against its major counterparts or simply rise against those that were too fast to chase for the new records. The AUD benefited from the elevated…
The UK currency has reached some important intraday maximums against the euro, the Swiss franc and the US dollar today before retreating almost exactly to the day’s opening levels. The pound’s growth was…
Aussie Pulls Back on Chinese Comments
Australian dollar is heading lower against the US dollar today, due in large parts to comments made by Chinese Premier Wen Jiabao. Additionally, general risk aversion is setting in as concerns…
US Dollar Regains Upper Hand against the Euro
US dollar is back on top, thanks to concerns about growth and a lack of good news out of the eurozone. Risk appetite has all but disappeared, and the US dollar is once again…
Risk Aversion on Forex Market Leads to Gains of Yen
The Japanese yen rose against most major currencies this week as risk aversion persisted on the Forex market, driving investors to seek safety of the Japanese currency. The gains were relatively small, though.…
The Canadian dollar climbed against most major currencies as the slowing growth in China spurred speculations that the policy makers in the Asian nation would step up to boost the economic expansion. The currency reached…
The Great Britain pound jumped today as the Bank of England announced its new lending program that should encourage banks to lend. The currency reached the highest level since 2008 against the euro…