The Swiss franc dropped today even amid risk aversion on the Forex market and signs of economic revival in Switzerland. One might argue that the currency made a big move on Tuesday and now just…
Posts published in August 2013
UK Pound Gets Help from Mark Carney
UK pound is getting a little help today, thanks to BOE Governor Mark Carney’s comments yesterday. While the pound is struggling against the US dollar, it is higher against…
Euro Drops on Economic Data, Syria Worries
Euro is lower today, dropping as economic data weighs on the 17-nation currency, and as concerns over Syria increase risk aversion. Euro is heading lower almost across the board, with Greece…
Brazilian Real Advances as Central Bank Supports Currency
The Brazilian real advanced today as the nation’s central bank signaled about an intervention to help the weakening currency. The announcement managed to outweigh the negative market sentiment that was hurting currencies of emerging economies.…
Dollar Strong on Syria
The US dollar jumped against the euro yesterday and continued to rise today as the prospects for war in Syria continued to drive investors to safer currencies. The greenback halted the rally against the yen and was retreating versus…
UK Pound Mixed Ahead of Carney Speech
All eyes are on Mark Carney and the Bank of England today. The pound is mixed as Forex traders wait for his first official policy speech since becoming Governor of the BOE. There is…
Euro Struggles After Lending Data Release
Euro is struggling today as uncertainty and the latest economic data weigh on the 17-nation currency region. Even though there have been some improvements in the last few weeks, concerns about what’s…
Franc Mixed, Swiss Economy Looks Stable
The Swiss franc was mixed today even as the general risk-adverse market sentiment was beneficial to the currency. The Swissie rose a little against the euro, but fell versus the US dollar. Risk aversion…
Yen Attempts to Rally on Risk Aversion
The Japanese yen was attempting to rise today against other most-traded currencies as risk aversion prevailed on the Forex market. The currency failed to keep gains versus the US dollar, but maintained rally…
The Hungarian forint weakened today after the nation’s central bank performed an interest rate cut yesterday. The general market sentiment was not helping the currency either. The Magyar Nemzeti Bank (the central…