Posts published in July 2012

Japanese yen is rallying today, gaining against high beta currencies as uncertainty about the markets sets in. Yen is gaining as better news in Japan is balanced against efforts…

US dollar is gaining as central banks around the world make moves to stimulate their economies. Greenback is headed higher on rate cuts in Europe and China, and an increase to Britain’s asset purchase…

The Chinese central bank made a surprise move today by cutting its interest rates for the second time in a month (the last cut was made in June and was the first after several years of stable…

The euro sank today, reaching a record low against the Australian dollar, after the European Central Bank announced its decision to decrease the main interest rate. The ECB lowered its minimum bid…

Today, the Great Britain pound rose against the euro, fell against the Japanese yen and was flat versus the US dollar after the Bank of England expanded its stimulating program. The BoE kept…

The Canadian dollar jumped to the highest level in more than two years against the euro as the Forex market was positioning itself for tomorrow’s monetary policy meeting of the European Central Bank. Most FX…

The Australian dollar reached the two-month high against the US currency before retreating and climbed to highest level in more than four months versus the euro today as growth of retail sales in Australia beat…

UK pound is struggling today, ahead of the Bank of England’s Monetary Policy Committee decision on rates. Concerns about the UK economy are on the rise, and expectations of lower rates and an expansion to the asset purchase…

The Malaysian ringgit advanced today, following other Asian currencies in gains, after a report showed that US factory orders rose more than expected in May, easing concerns that the global…

Euro is heading lower today, due in large part to the latest economic news. It appears that economic contraction is a very real possibility, and that is weighing on euro today.…