The Japanese yen fell today, erasing its previous gains. Earlier, the currency climbed as poor fundamental data from Asian nations spurred the risk aversion sentiment on the Forex market. China’s Producer…
UK pound is mixed in Forex trading today, falling against the euro, but higher against the US dollar and the Japanese yen. This development follows choppy trading earlier, in which high…
Euro dropped to a two-year low against the US dollar earlier, but is trying to pare some of its losses and log some gains ahead of a meeting between European finance ministers. Uncertainty…
The positive market sentiment, caused by last week’s European summit, completely evaporated this week, allowing the US dollar to gains against most of major currencies. Of course, the same risk aversion also…
The Canadian dollar dropped today after worse-than-expected US non-farm payrolls put the Forex market in risk-off mode, hurting currencies that are tied to commodities and economic growth. Unsurprisingly, the Canadian currency…
The Indian rupee fell today as optimism caused by last week’s European summit was all but gone from the Forex market and signs of global economic slowdown drove away investors from…
US dollar is heading higher today, thanks in large part to uncertainties about what’s next for the global economy. Everything seems to be slowing, and concerns about what’s next for the eurozone are…
The South African rand dropped today after worse-than-expected US non-farm payrolls fueled fear among investors that global economic growth stalled. Today’s decline erased all gains that…
All the optimism from last week’s EU summit announcement seems to have drained away. Now, the euro is heading lower on concerns about sovereign debt. Nothing seems to have changed,…
The Canadian dollar reached the highest level in two years against the euro today as the European Central Bank decreased its key interest rate. The Canadian currency stayed flat versus the US dollar.…