The Japanese yen climbed today on signs of economic slowdown in various parts of the world, including Japan itself, that spurred demand for safer currencies. Currently, the yen shows signs of weakening. Japan’s government…
The Swedish krona gained today as rising retail sales added to speculations that fundamentals in Sweden are good and the nation’s central bank has no reasons to cut its interest rates. Retail…
The Malaysian ringgit weakened today as there were no signs of progress in solving the debt problem of European economies. The lack of a way out of the crisis worsens prospects for exports of emerging economies and reduces demand…
Canadian dollar is heading a little bit higher today, gaining as concerns about the tropical storm known as Isaac heads for the Gulf of Mexico. Oil prices are seeing a bit of a boost, and that…
UK pound continues to struggle as concerns about the economy weigh. Today, UK markets are closed for the Summer Bank Holiday, but that the currency market is still open. Sterling is…
The minutes of Federal Reserve’s monetary policy meeting reignited speculations among investors about the third round of quantitative easing. Those talks defined the performance of the US dollar this week. The performance that,…
The Australian dollar weakened on signs that China’s manufacturing is slowing and amid speculations that the end of the mining boom in Australia is near. Mining is a very important sector for Australia’s economy.…
The Czech koruna weakened today on speculations that the nation’s central bank would be forced to cut its interest rates amid global economic slowdown that threatens to damage the Czech economy.…
The Polish zloty fell today amid talks that Greece may fail to convince Germany to allow the next tranche of bailout, damping risk appetite among Forex market participants and reducing demand…
Euro is heading lower, dropping as concerns about what’s next for the eurozone rise. Worries about policy decisions in the eurozone are weighing on the 17-nation currency following a meeting between Greek Prime…