Earlier this month, Glenn Stevens, the Governor of the Reserve Bank of Australia, indicated that there is a chance that Aussie rates will be cut. Now that the minutes of the October 4 meeting are on the verge of being released, there are concerns about the Aussie in forex trading.
October 17th, 2011 at 13:51
US dollar is once again gaining the upper hand, rising against high beta currencies as uncertainty drives Forex traders to safe havens. This time, it’s reduced optimism about a quick solution to the sovereign debt problem in the eurozone.
October 17th, 2011 at 12:35
The euro retreated today as the optimism caused by the Group of Twenty meeting weakened on the speculation the credit crisis in the European Union can’t be resolved in the near future.
The Japanese yen weakened today as investors preferred higher-yielding currencies to safer ones after the meeting of Group of Twenty reinforced the hopes for a resolution of the European debt crisis.
October 15th, 2011 at 14:52
The euro posted the biggest weekly gain in more than two years as the unexpected optimism of Forex traders about ability of the European leaders to deal with the problems of the region spurred the currency to the highest level in several weeks.
October 15th, 2011 at 1:31
The Canadian dollar ended this week with a big gain as the optimism caused by the G20 meeting and the good fundamentals in the US helped the currency to attract attention of investors that looked for higher yield.
October 14th, 2011 at 21:08
UK pound hit a one-month high against the US dollar earlier today, thanks to renewed optimism. Sterling followed the euro higher in Forex trading, gaining against the US dollar as investors look for high yields as risk appetite makes an appearance.
October 14th, 2011 at 13:04
Optimism is high regarding the upcoming G20 meeting, and that is sending the US dollar lower in Forex trading. Greenback is lower today as economic data boosts hopes, and as Forex traders shrug off the latest downgrade of Spain’s sovereign debt.
October 14th, 2011 at 11:31
The Chilean peso rose today, paring its previous decline, after the Chilean central bank kept its key interest rate unchanged, but signaled about the possibility of a rate cut in the future.
October 14th, 2011 at 10:28
The South Korean won climbed today as the overseas inflows into the nation’s economy confirmed attractiveness of the currency to the global investors.
