The Thai baht fell today on the outlook for slower economic growth and interest rate cut caused by the floods in Thailand’s capital.
Aussie Retreats After Jump
October 28th, 2011 at 4:34
The Australian dollar retreated today after the yesterday’s surge on the speculation the currency gained to much and to fast to keep the gains.
Dollar Closes with Losses on Optimism About Eurozone
October 28th, 2011 at 1:15
The US dollar headed to weekly losses against most major currencies as the Eurpoean leaders at last revealed some of their plans for solving Europe’s debt problems, damping need for safer currencies among investors.
EUR/USD Surges Past 1.41 Level on Eurozone Deal
Forex traders are almost delirious with happiness today as eurozone leaders announced a deal to contain the sovereign debt crisis — at least for now. Private bondholders will be taking a nominal 50% haircut on Greek debt, and everyone seems happy about it.
Rand Jumps on Positive News from Europe
October 27th, 2011 at 14:06
It looks like the European leaders have reached consensus about some questions they were discussing during their meetings. The signs of progress in resolving Europe’s crisis were welcomed by traders and riskier currencies, including the South African rand, gained.
Canadian Dollar Strengthens against US Dollar
October 27th, 2011 at 13:24
As the Europeans announce a debt agreement, the Canadian dollar is strengthening against the US dollar. It’s been more than a month since the loonie has reached this level against the greenback, but some think that the strength is more a function of general greenback weakness today.
EU Closer to Agreement on Debt, Korea’s Won Gets Stronger
October 27th, 2011 at 12:20
The South Korean won climbed today on the positive outlook for the economy of Asia’s nations and the signs of progress in making the plans to resolve the sovereign debt issues in Europe.
RBNZ Signals About Possible Interest Rates Hike, NZD Higher
October 27th, 2011 at 3:37
The New Zealand dollar gained today, extending its rally for the second day, after the Reserve Bank of New Zealand key its target interest rate unchanged, but suggested that an increase is possible in the future.
Can Australian Dollar Drop Further?
October 26th, 2011 at 23:28
The inflation report that showed a slowing inflation weakened the Australian dollar. But will the currency extend its drop? That’s a definite possibility in case the central bank would cut the interest rate next month.
GBP/USD Falls as Risk Aversion Rules Market
The Great Britain pound declined today versus the US dollar as the uncertainty about the outcome of the European Union summit made traders prefer safer currencies, shunning the sterling that is also weakened by the problems in Britain itself.
