Even though the euro is logging gains against its major counterparts today, the Bundesbank sees trouble ahead for the 17-nation currency. Unconvinced that the eurozone crisis is over, Germany’s central…
US dollar index is slipping right now, after seeing gains earlier in the session. Forex traders are looking for direction right now as economic data comes in from various sources.…
The Great Britain pound dropped today, touching the lowest level since June 2010 against the US dollar, as both factory and industrial production declined in January. UK industrial output dropped 1.2…
The Australian dollar gained against its US counterpart today even as business confidence edged down last month. At the same time, the trimmed its gains versus the Japanese yen. The National Australia…
The Japanese yen extended its drop today, falling to the lowest level August 2009 against the US dollar, on signs that policy makers will continue to intervene, attempting to weaken the currency. The yen…
The euro fell today, following yesterday’s gains, after Fitch Ratings downgraded Italy’s credit rating. The currency held steady against the Japanese yen and the Great Britain pound. Fitch downgraded Italy’s…
The Indian rupee fell today on concerns that a decrease of foreign capital inflows will lead to widening of the country’s current account deficit, which is already at the record level. Market participants are…
The Australian dollar fell against its US counterpart as China’s industrial production demonstrated the slowest start of a year since 2009. The Aussie almost erased its gains versus the greenback as of now and advanced…
Better than expected employment data is helping the Canadian dollar today, sending the loonie higher against its major counterparts. The surprise economic data is boosting Canadian dollar, and providing…
The UK pound outlook continues to be a sore point. Outlook is weaker for the sterling, with continued economic troubles predicted, and more stimulus expected. Just about every aspect of the UK economy…