The Swiss franc was down for the second week as prospects of peg of the currency to the euro significantly reduced appeal of the franc a safe asset.
Carney Expects Economic Growth, CAD Fluctuates
August 20th, 2011 at 1:04
The Canadian dollar was closed flat against the US dollar and the Japanese yen as contradicting signals haven’t allowed the currency to establish a clear trend.
Oil Doesn’t Stop Falling, Drags Ruble Along
August 19th, 2011 at 15:24
Today the Russian ruble continued to show a downward trend as crude oil continued to decline, dropping below $81 per barrel on the speculation demand for fuel will wane as the global growth is stalling. Currently the Russian currency erased its losses, but it’s unclear how long could it maintain gains.
Korean Won Falls on Anticipation of Crisis
August 19th, 2011 at 14:42
The South Korean won weakened today as signs of faltering global economic growth made investors prepare for a new crisis, making riskier assets less attractive.
Canadian Dollar Feels Pressure from Falling Stocks & Commodities
August 19th, 2011 at 0:31
Outlook for the future of the global economy again worsened among investors, making them less interested in higher-yielding currencies. The Canadian dollar was one of the victims of such pessimistic sentiment.
Dollar Rises While Traders Afraid of Recession
August 18th, 2011 at 21:37
The US dollar went up today versus most of its major peers as the speculation that the global economy will face a double-dip recession made investors stick to safe currencies. The greenback is still considered to be a safe currency even with all the turmoil in the United States.
Franc Unfazed by SNB Attempts to Weaken Currency
August 18th, 2011 at 14:58
The Swiss franc advanced today for the second day, paying no heed to the attempts of the Swiss central bank to prevent the currency from strengthening even more and hurting the nation’s economy. Currently the franc retreated somewhat against the dollar.
Cheaper Oil Means Weaker Ruble
August 18th, 2011 at 13:58
Russia’s ruble weakened today after crude oil declined, reacting to the negative data about the US unemployment claims that reduced hopes for improvement of the economy in the US.
Australia Dollar Receives Help from Commodities
August 17th, 2011 at 21:49
The Australian dollar rose today, rallying to the highest price in almost two weeks against the US dollar, as commodities gained and increased appeal of growth-related currencies to Forex traders.
CAD Gains vs. USD as Investors Seek Higher Yield
August 17th, 2011 at 17:34
The Canadian dollar advanced against its US counterpart as market sentiment improved, making investors more willing to risk and look for higher-yielding currencies. The currency was down against the euro and the yen.