US dollar is strengthening after showing some softness earlier today. Euro strengthened on some hopes for the EU summit underway, but, as expectations become lowered regarding the outcome of the meeting, euro is losing ground.
Ruble Slides Before EU Summit
October 26th, 2011 at 14:24
The Russian ruble dropped today as the nation’s main oil export blend retreated ahead of the European Union leaders meeting, reducing attractiveness of Russia’s currency.
Euro Higher as World Awaits Summit Outcome
October 26th, 2011 at 13:33
Euro is higher today as the world awaits the outcome of the EU summit. There are hopes that leaders — especially from France and Germany — will be able to present a practical plan to contain the sovereign debt crisis.
Inflation Slows in Australia, AUD Drops for Second Day
The Australian dollar today extended its drop for the second day after the government report showed the inflation slowed in the third quarter of this year.
Pound Fluctuates vs. Safer Currencies on Dangers to Economy
October 26th, 2011 at 0:58
The Great Britain pound fluctuated against the safer currencies on the concerns about the stalling nation’s economy. The sterling performed better against the dollar and the yen, while was struggling against the franc.
Canadian Dollar Drops as BoC Holds Rate, Cuts Economic Forecast
October 25th, 2011 at 19:36
The Canadian dollar fell today after the Bank of Canada kept the main interest rate unchanged and predicted a slower growth of the nation’s economy, fueling the speculation that the bank will extend the pause on interest rates increases.
India’s Rupee Rebounds on Inflation Pressure
The Indian rupee climbed today after the previous decline as the currency’s weakness spurred the speculation the central bank will intervene to support the currency and trim the inflation.
Japanese Yen Strengthens Against Majors
October 25th, 2011 at 14:07
Japanese yen is strengthening against majors today, heading higher against the US dollar, euro and the Great Britain pound. Yen buying is on the rise, as Forex traders look for a little direction for what lies ahead.
Euro Slips as Some Get a Little Nervous about Tomorrow
October 25th, 2011 at 13:04
Euro saw some solid progress yesterday, but today the 17-nation currency is slipping a bit. Some Forex traders are getting a little nervous about tomorrow. EU leaders say they’ll announce a plan to contain the sovereign debt crisis on Wednesday, but there are some doubts.
NZD Reverses Rally as Inflation Slows
October 25th, 2011 at 2:16
The New Zealand dollar fell today, following the yesterday’s rally, after the government report showed the inflation slowed more than expected in the third quarter.