UK pound saw a bit of a drop today in response to the recent downgrade for Britain’s credit rating. however, the loss of its triple-A rating hasn’t weighed too heavily on the pound, even though it…
Euro is higher today, thanks in large part to optimism about the eurozone and risk appetite in general. Some of the euro’s gains are being limited, but the overall mood is one of hope…
This week’s minutes of the last Federal Reserve’s meeting spurred risk aversion on the Forex market, driving the US dollar upward. Yet some currencies held ground against the greenback quite well,…
The Australian dollar jumped and closed with a big gain yesterday after the central bank’s head signaled that he may pause interest rate cuts and said that he is not…
The Canadian dollar dropped, touching the lowest since June against its US counterpart, today as retail sales dipped in December and annual inflation was slowest in three years. The currency managed to trade…
The Malaysian ringgit rose somewhat today, but was still heading to weekly loss as the risk aversion sentiment on the market deterred Forex traders from buying risky currencies. The Federal Reserve released…
Japanese yen is weakening again, dropping as world leaders fail to criticize Japan’s aggressive easing efforts in the name of economic stimulus. Without pressure to stop easing, there is speculation that…
The Turkish lira fell today and headed to significant weekly decline as this week’s interest rate cut by the nation’s central bank reduced attractiveness of lira-denominated bonds. The yield on Turkish debt maturing in two…
The news that European banks planned to repay ECB crisis loans on an early schedule has been helping the euro in recent weeks. Therefore, when the report came that banks hadn’t repaid…
The Great Britain pound rose erased its losses against the dollar after reaching the lowest level since July 2010 yesterday and maintained the gains today. The currency was also strong versus…