The US dollar closed lower against almost all of the major currencies today after Federal Reserve Chairman Bern Bernanke hinted at the potential quantitative easing. Bernanke was speaking at the Jackson Hole…
Euro is gaining today, heading higher as it consolidates recent gains, especially against the US dollar. Even with mixed economic data in the eurozone, the 17-nation currency has the upper hand…
US dollar is lower today, dropping as the central banker symposium in Jackson Hole gets underway. Ben Bernanke is expected to speak, and that is to be the highlight of the conference — especially since…
The South African rand advanced today as mood of Forex traders shifted yet again and hopes for stimulus returned to them. The Jackson Hole Symposium makes the FX market volatile and unpredictable as the market sentiment…
The Great Britain pound was stronger today after the report showed that UK house prices grew this month more than was anticipated. Consumer confidence remained depressed, but…
The Australian dollar weakened today as fundamentals were not supportive for the currency both domestically and abroad. The currency was in decline since about mid-August, though it is still far from the lows…
The euro gave up its earlier gains today as Spain disappointed the Forex market participants, postponing its request for a bailout. After so much talking about the aid, such move was…
The Czech koruna dropped today on worries that the government would not be able to implement measures for reducing the nation’s budget deficit because of the political opposition. Prime Minister Petr Necas called…
The South Korean won weakened today as uncertainty on the Forex market deterred traders from buying riskier currencies of emerging economies. Investors are looking for Federal Reserve Chairman Ben Bernanke to deliver…
Canadian dollar has moved lower as uncertainty about what Federal Reserve Chair Ben Bernanke will say about the US dollar, and the US economy, tomorrow at the central banker symposium in Jackson…