Archive for August 2011

Swiss Franc Prevails Despite Intervention

The Swiss franc showed a vigor and rose against its major counterparts on the Forex market today, despite the yesterday intervention and the serious tone of the central bank.

Yen Slumps on BoJ Intervention

The Japanese yen dropped heavily against everything on the Forex market today, following the currency intervention by the country’s central bank.

Australian Dollar Continues Its Correction on Weak Retail Sales

The Australian currency continued its downward trend against the Forex majors today, as the retail sales report confirmed the negative outlook for the country’s economy.

Siwss Franc Retreats From Maximums

The Swiss franc fell from its record high levels against the other major currencies today, as the country’s central bank takes extreme measures  against the franc’s appreciation.

Canadian Dollar Falls Along with Other Commodity Currencies

The Canadian continued continued to fall against the majors today, along with the other “commodity” currencies, as the global growth perspectives remained dim.

Euro Weakens as Investors Shun European Bonds

The euro fell against its major counterparts on Forex today, as the investors preferred not buy the government bonds of the semi-troubled EZ countries.

Swiss Franc on Record Against Everything

The Swiss franc managed to rise against all other major currencies pair in Forex market today, as the debt-lifting measures in US threaten to weaken the global economy, pushing down the demand for ”unsafe” currencies.

Risk Rally Pushes NZD to Records vs. Dollar

The New Zealand dollar reached a new historical maximum against its North American counterpart and grew against some other world currencies today, as the US debt ceiling agreement spurred demand for high-yielding assets.

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