Posts published in July 2012

Japanese Yen Surges as Risk Appetite Disappears

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…

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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…

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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…

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