Japanese yen is gaining against other majors as concerns about global economic growth return to the markets. Worries about what’s next for the world economy have added to risk aversion, weighing…
The US dollar rallied against the euro and the Japanese yen yesterday as positive US fundamentals made investors less certain that the Federal Reserve would initiate the third round of quantitative easing. So…
The Australian dollar felt downside pressure today as economists believed that fundamentals would not be in favor of the Australian currency. The Aussie lost its gains against the US dollar, but managed…
Once again, rumors are flying concerning the euro, and what could be done to save it. Mario Draghi wrote an English-language opinion piece published earlier in Die Zeit, a German newspaper.…
UK pound is moving higher, consolidating after yesterday’s gains. Sterling is heading higher today, in line with market movements. However, the pound isn’t making any big moves,…
The South African rand retreated today as nation’s economic growth was slower than investors had hoped for. Nevertheless, the losses were limited as Forex market participants still hope that…
The Canadian dollar advanced as prices for crude oil, the major nation’s export, gained, adding to the appeal of Canadian assets. Traders felt confident enough today to buy the Canadian currency. Futures on crude oil…
US dollar is lower pretty much across the board as optimism about the eurozone adds a little risk appetite to the mix. Also not helping the US dollar is the fact that some…
Euro is heading higher today as Forex traders assume that the European Central Bank will act to alleviate some of the issues with the sovereign debt situation. However, gains are likely…
The New Zealand dollar fell today after the report showed that profits of Chinese industrial companies declined, adding to signs of global economic slowdown and damping prospects for New Zealand exports. Industrial…