The South African rand retreated today on speculations that US politicians will not be able to raise the debt ceiling and as such concerns deterred investors from buying riskier assets. Amid…
The Great Britain pound slumped today as the fundamental data suggested that Britain’s housing sector is struggling, leading to fears that economy recovery in the United Kingdom may stall. The House Price…
The Australian dollar turned down a bit against the US dollar and the Japanese yen today. It is not surprising considering how huge yesterday’s rally was. The Aussie continued its rise…
The Canadian dollar exploded to the upside today amid euphoria that struck the Forex market after US politicians reached an agreement that will help to avoid a financial crisis in the United States. Vice…
UK pound is making a fairly strong showing today, particularly against the US dollar, as better than expected economic data helps the sterling. The latest UK manufacturing PMI data shows…
Euro is higher today, gaining as risk appetite returns to the market and prompts a preference for high beta currencies. Even though the eurozone economy seems to be shrinking, all of the focus is on the relief…
The Japanese yen joined the US dollar in the decline today as US politicians managed to avert the financial cliff in the United States and traders were selling safe assets amid the resulting risk appetite. Safe…
The US dollar sank today after the breakthrough in the negotiations about avoiding the fiscal cliff in the United States, which will allow averting a disaster for the US economy. US politicians voted for the bill that…