Posts published in August 2012

US dollar is gaining the upper hand today as uncertainty makes its appearance. At first there was profit taking from yesterday’s gains against the US dollar, but now there…

The Japanese yen advanced today against the euro and was little changed versus the US dollar after the report showed that the nation’s trade balance deficit widened last month, adding to signs…

After a bit of optimism, risk aversion is creeping back, and that is pulling the Canadian dollar down against the US dollar. Stocks are pointing to a lower open today, and European stocks…

The New Zealand dollar retreated today as traders were afraid that tomorrow’s reports would show that manufacturing has slowed in China and the eurozone. Decline of manufacturing means falling demand for New…

The euro jumped today on speculations that the European Central Bank is ready to initiate its program of unlimited bond buying. The shared 17-nation was rising since it has reached the multi-year…

The South African rand rose today as the European leaders are going to discuss Greece. Investors have hopes that there is a way to save the indebted country and prevent its exit from…

The Great Britain pound fell today against the euro as the budget posted an unexpected deficit and the industrial trend survey was negative, adding to the signs that the UK economy is in turmoil. The sterling managed…

Japanese yen is weaker against high beta currencies today as risk appetite makes its appearance. Since it is not needed as a safe haven right now, the yen is…

US dollar is weakening today as risk appetite makes an appearance. Hope that the European Central Bank is about to do something serious to contain the sovereign debt crisis is boosting…

The Australian dollar advanced today after the Reserve Bank of Australia released the minutes of its last monetary policy meeting, signaling that the domestic economic growth may offset the negative influence from…