The US dollar traded sideways today as risk aversion caused by the Italian election was trimmed by positive US macroeconomic data and comments of Federal Reserve Chairman Ben Bernanke, who defended the monetary…
The Australian dollar extended the decline against its US peer as the indecisive outcome of the Italian election fueled the risk aversion sentiment among Forex traders. The New Zealand dollar paused its drop,…
The Israeli new shekel was little changed today after Bank of Israel left interest rates unchanged yesterday. The currency may yet decline on speculation that the central bank will cut…
The Indian rupee weakened today a bit as the inconclusive outcome of the Italian election made traders worry if the problems of the eurozone will resurface amid political uncertainty. The election in Italy resulted in a divided parliament,…
Euro is currently in consolidation mode against the US dollar, looking to firm up a bit against the greenback. However, the 17-nation currency is struggling a bit on uncertainty, and awaiting the latest remarks from…
Canadian dollar continues to struggle in trading today, logging difficulties as economic conditions continue to cause problems, and as oil prices continue to drag the loonie lower. While the Canadian dollar is mostly flat…
The Japanese yen dropped today as Forex market participants were anticipating more interventions from Japanese policy makers. The currency at present moves upwards and may yet resume its yesterday’s rally.…
The US dollar gained somewhat against most major currencies last week as risk aversion returned to the Forex market. What traders can expect from the greenback this week and what the major…
The Australian dollar dropped today as the manufacturing data from China, Australia’s major trading partner, disappointed market participants, showing unexpected slowdown of sector’s growth. The HSBC Flash China Manufacturing Purchasing…
The South African rand rose today, erasing previous decline and touching the highest level in more than a week, on speculations that the recent losses of the currency, which was the worst performer among the currencies…