Posts published in January 2013

US dollar is looking to rebound today, and is staging a rather impressive recovery. While the greenback is still down against the euro, it is finding success against other major…

Euro is on the rise today as risk appetite appears and Forex traders show optimism about the liquidity situation in the eurozone. With concerns about the debt crisis fading, and expectations for an improved future rising,…

The Japanese yen ended its rally and dropped today after growth of China’s manufacturing and fears of an intervention from Japan’s policy makers reduced the appeal of the currency. Deputy Economy Minister Yasutoshi Nishimura…

The New Zealand dollar gained against its the Japanese yen as China’s manufacturing expanded this month faster than was expected by analysts, according to the preliminary estimate. The currency also advanced versus…

The US dollar fluctuated today after lawmakers voted to remove the debt ceiling temporary. The debt ceiling issue was spoiling the traders’ mood and without it traders felt confident enough to part…

The Canadian dollar slumped today, reaching parity with its US counterpart, after the Bank of Canada suggested that an interest rate cut is not necessary immediately and may be postponed.…

UK pound is heading higher today, thanks in large part to better than expected jobs data. Between signs of economic improvement, and good news out of the eurozone, the UK pound is…

Euro is gaining against the US dollar today, heading higher as risk appetite makes an appearance on the currency market. Helped along by successful bond auctions in the eurozone’s periphery, the euro is showing…

The South Korean won depreciated today after Finance Minister Bahk Jae Wan warned that the lawmakers may curb the recent gains of the currency. Such comments reduced the attractiveness of the won. Bahk…

The Australian dollar fell at the beginning of today’s trading session as Australia’s consumer prices rose last quarter slower than was predicted. The currency pared losses versus the US dollar, but remained…