Archive for June 2010

Fears of European Crisis Hurt Brazilian Real

The Brazilian real went down today as the fears of the spreading European crisis deter the investors from the riskier currencies.

Mexican Peso Falls on U.S. Jobs Report & European Crisis

The Mexican peso fell today on the concerns that the global recovery may slow, fueled by the lower than expected payrolls in the U.S. and the sovereign-debt crisis in Europe.

Loonie’s Weekly Gains Were Erased in One Day

This week showed the mixed set of results for the Canadian dollar as the currency dropped against its U.S. counterpart, managed to strengthen against the euro and remained at approximately same level against the Japanese yen.

Euro Below $1.20, No Signs of Relief for European Currency

The euro extended its decline today against the U.S. dollar and the Japanese yen, plunging below $1.20 for the first time since March 2006, as the signs that the European fiscal crisis is widening caused the investor to abandon the shared 16-nation currency.

European Woes Weaken Loonie

The Canadian dollar weakened today against the U.S. dollar and the Japanese yen despite the good economic data as the worries about the debt problems in Europe overshadowed the favorable fundamentals.

Lower Amount of New Jobs Pushes Dollar Down vs. Yen

The U.S. dollar weakened today against the Japanese yen, erasing its yesterday’s gains, after the nonfarm payrolls showed the lower number of new employees hired than was expected, causing the concern for the economic recovery.

Swiss Franc at Record High Against Euro on Stronger Economy

The Swiss franc gained today versus the euro, reaching the record high level, on the signs that the nation’s economy expanding, while the European Union’s economy suffers from the sovereign-debt crisis.

European Debt Crisis Continues to Bury Euro

The euro weakened today as the debt crisis undermines the economy of the European Union, while the U.S. economy shows the signs of the accelerating recovery, lessening the impact of the European woes on the global markets.

NZ Dollar Rises in Spite of Bollard’s Desire for Depreciation

The New Zealand strengthened today as the favorable data from the U.S. added to the signs of the economic recovery, while the New Zealand’s trade surplus may prompt the central bank to increase the interest rates; against the U.S. dollar the kiwi experienced volatility and currently fell.

Global Recovery Makes Yen Less Attractive

The Japanese yen extended today its yesterday’s decline versus the U.S. dollar and the euro as the signs of the accelerating global recovery diminished the appeal of the Japanese currency as the safe haven.

Our Sponsor

Archives

SUBSCRIBE

Subscribe to Forex News by E-mail: