Posts published in January 2013

The Australian dollar fell against its US counterpart as the service industry performed poorly both in Australia and in China, adding to investors’ concerns. The currency rebounded later and closed with a small gain. The Aussie…

The Canadian dollar advanced versus its US peer and jumped to the highest since 2010 against the Japanese yen on robust employment growth and the falling unemployment rate in Canada. The currency fell against the euro.…

Euro continues to struggle against the greenback today. After spending some time gaining against the US dollar, the euro is now down again. It’s been a bit of a see-saw today as Forex…

UK pound is losing ground today, heading lower on risk aversion, as well as on disappointing economic data. There is a bit of concern about what’s coming next for the global economy, led…

The Chinese yuan rose a little versus the US dollar today, but may yet slip back amid all the uncertainty that haunts the Forex market. The US employment data did little…

The South Korean won rose today, but slipped back later and currently is shifting between gains and losses as the traders’ mood was swinging back and forth between optimism and pessimism about…

The Swiss franc extended its drop versus the US dollar for the fifth straight session today as the fundamental data from Switzerland was not favorable for the currency. The Swissie dropped against the Japanese yen…

The Canadian dollar failed to maintain its rally versus the US dollar and shed yesterday’s gains as fear returned to the Forex market. At the same time, the loonie jumped against the euro and drifted sideways versus…

Euro is heading lower today, losing ground as risk aversion returns to the Forex market. Concerns about the next big budget battle in the United States are already surfacing, and that is…

The euphoria is ended and now the uncertainty has set in. Concerns about the next big budget battle are weighing on risk appetite in the Forex market, and the US dollar is gaining as a result.…