The Great Britain pound jumped today after the Bank of England monetary policy meeting minutes were released, showing that the central bank’s policy makers voted unanimously for the quantitative easing.
Euro Rebounds as EU Plans Boost of Bailout Fund
October 19th, 2011 at 11:35
The euro regained its footing today on the speculation the European policy makers will increase the rescue fund to help in battle with the debt crisis.
Yen Gains, Strengthened by Europe’s Woes
October 19th, 2011 at 2:08
Yet another downgrade of a credit rating of a European country was announced. This time Spain’s rating was cut by Moody’s Investor Service, making traders shun risk and seek for safety of the Japanese currency.
Improving Economy of US Results in Rally of CAD
October 18th, 2011 at 23:14
The Canadian dollar advanced today after the data from the US improved outlook for Canada’s southern neighbor and muted the negative impact of the fears of Europe’s sovereign-debt crisis.
China’s Economic Growth Helps Aussie, RBA Signals About Rates Cut
October 18th, 2011 at 16:03
The Australian dollar climbed today as the strong growth of China’s economy increased attractiveness of Australia’s currency. The Reserve Bank of Australia suggested the policy makers may cut the interest rates in the near future.
Japanese Yen Heads Higher on Risk Aversion
October 18th, 2011 at 15:32
It’s probably not surprising to most Forex traders that the Japanese yen is higher today, thanks to all the uncertainty in the financial markets — and the uncertainty for the economy.
UK Pound Lower on Stagflation Worries
October 18th, 2011 at 14:05
UK pound is heading lower today in Forex trading against the US dollar on all the concerns about what’s next for the British economy. Right now, it appears that stagflation might be the name of the game.
Euro Down for Second Day as Sentiment Deteriorates
October 18th, 2011 at 12:41
The euro today extended its drop for the second day after Moody’s Investor Service warned that France’s credit rating is in danger and Germany’s economic sentiment deteriorated.
South Korean Won Rises as Funds Come to Asia
October 17th, 2011 at 20:21
The Asian economies show a strong economic growth, the fact that attracted the global funds and made them increase their holdings of region’s assets. As a result, Asian currencies rallied, the South Korean won among therm.
Canadian Dollar Drops as Germany Disappoints Traders
October 17th, 2011 at 16:07
The Canadian dollar went down today, following the week of big gains, after Germany’s politician shattered confidence in ability of the European leaders to end Europe’s woes, saying that there are no an easy solution to the region’s economic problems.