Posts published in August 2012

US dollar is pulling back today as Forex traders decide to go for a taste of yield. Over all, risk appetite hasn’t truly returned, but the US economy is just slow…

The Japanese yen slid today as the attractiveness of the currency was diminished by the report that showed decline of the nation’s economy. The yen was trading sideways against the dollar and the pound for the past several weeks. In fact,…

This trading week was a bit uneventful. That was not good for the euro as traders hoped that the European Central Bank would act to support the currency as its President Mario Draghi…

The Australian dollar was falling, but snapped its losses versus its US peer and closed near the record high against the euro. The currency ended with a loss against the Japanese yen.…

The poor employment data weakened the Canadian dollar today. Nevertheless, the loonie snapped its losses versus the US dollar and gained against the euro. The currency closed lower versus the Japanese yen. Canadian…

The Russian ruble slid today as crude oil, Russia’s main export, fell amid concerns about the global economic slowdown. The currency weakened even after the central bank refrained from lowering…

The Chinese yuan weakened today as macroeconomic reports showed that the biggest Asian economy is slowing. Analysts think that the negative data may be bullish for the currency in a longer term as Chinese…

The Canadian dollar gained today, rising for the fifth straight trading session against the US dollar, as Mark Carney, Bank of Canada’s Governor, suggested that an increase of interest rates may be needed…

Uncertainty about the fate of the eurozone is once again front and center in the markets, and that is sending the euro lower. The ECB has failed to act as quickly as many would like, and disappointing German…

US dollar is heading higher today, surging ahead of its high beta counterparts as improved economic data is reported, and as risk appetite flees in the wake of disappointed ECB hopes. Greenback…