The South African rand continued to decline today as the threat of strikes among agriculture workers deterred investors from buying South Africa’s assets. Last year, the mining sector was the major source…
Euro is pulling back today, especially against low beta currencies, as risk aversion sets in. Concerns about global economic growth are weighing on high beta currencies today.…
UK pound is lower today, falling as growth concerns weigh on the British currency. Worries about whether or not the United Kingdom is ready to grow its way out of its current…
The Japanese yen was falling yesterday against some majors, including the euro and the pound, but slowed its decline today. Against the yen, on the other hand, the greenback continued to decline. There was…
The Canadian dollar gained against its US counterpart after the indicator of Canada’s business rose last month more than was expected. At the same time, the loonie retreated versus the euro and the Japanese…
The Indonesian rupiah declined today on worries that capital inflows into the country may shrink after the US Federal Reserve suggested that its stimulating program may end this year. The Fed’s…
The South African rand fell today after the holiday season ended as importers thought it is to good time to buy dollar after the local currency has rallied last month. The three-week…
Euro is paring its earlier losses to the US dollar, and looking to try to find some gains as the US session gets solidly underway. Without economic data, though, many traders are…
Yen is heading higher today, thanks in large part to a combination of risk aversion and consolidation. After last week’s heady risk asset gains, many Forex traders are taking their…
The first trading week of the new year was full of unpredictability and surprises. Traders have seen sharp rallies and fast drops and it it’s likely that quite a few of market participants experienced…