The Swiss franc advanced yesterday and kept its gains today even though the market sentiment was favorable to riskier currencies, not safer ones.
Aussie Rallies as Traders Again Favor Risk
November 28th, 2011 at 23:12
The Australian dollar advanced today as risk appetite returned to the Forex market, increasing the attractiveness of the currencies with higher-yield.
Japanese Yen Lower as Traders Look for High Yielders
November 28th, 2011 at 16:24
Japanese yen is lower today as Forex traders look for high yielders as risk appetite improves. Indeed, risk appetite is the story as the Dow surges on holiday shopping news.
US Dollar Falls Back as Risk Appetite Returns on Holiday Shopping
November 28th, 2011 at 15:09
US dollar is heading lower on the Forex market today as risk appetite returns. Last week was all about eurozone weakness and sovereign debt struggles. This week is all about holiday shopping.
NZ Dollar Climbs as Key Wins Elections
November 28th, 2011 at 14:16
The New Zealand dollar jumped today against all other most-traded currencies after the nation’s Prime Minister was reelected with his party, spurring hopes that he’ll be able to improve the country’s budget balance.
Rand Gains on Record US Retail Sales & Hopes for EU
November 28th, 2011 at 13:05
The South African rand advanced today as the US retail sales demonstrated a record growth during Thanksgiving, while hopes emerged that the European Union would find a way to deal with its problems.
EUR/USD Down for Fourth Week
November 26th, 2011 at 14:36
The euro fell against the US dollar for the fourth week in a row, posting the longest losing streak in 18 months. The currency also fell against the Japanese yen, declining for the third week. But the UK pound managed to perform even worse than the shared European currency, therefore the euro was up versus the UK currency this week after three weeks of losses.
Pound Profits from Europe’s Woes
November 26th, 2011 at 1:35
The Great Britain pound closed higher against most of the major currencies, including the Japanese yen, the euro and the Swiss franc, though fell versus the US dollar, as the ongoing debt issues in the European Union made traders to consider the sterling something like a refuge from Europe’s problems.
Euro Lowest Since October
November 25th, 2011 at 23:12
The euro dropped against the dollar and the yen to the lowest rate since October and retreated versus the pound today as there are no sings that the crisis in Europe may end.
Canadian Dollar Falls as Risk Aversion Rises
November 25th, 2011 at 22:29
Risk aversion was the main driver today on the Forex market, as the week came to a close. With risk aversion rising, the Canadian dollar dropped, ending the week on a lower note against the US dollar.