The Australian dollar declined today, falling for the third straight session, as the renewed concerns about Europe’s sovereign debt crisis sapped investors’ demand for higher-yield.
South African Rand Falls as Europe Hurts Market Sentiment
November 15th, 2011 at 17:17
The South African rand declined today as worries about the European crisis and its impact on the global economy deepened, reducing demand for higher-yielding currencies among investors.
US Dollar in Demand as Eurozone Worries Mount
November 15th, 2011 at 14:41
US dollar is in demand as a safe haven as concerns about the eurozone continue to grow. Even though the US has its own economic struggles, the dollar is considered one of the most stable currencies in the world, and Forex traders are looking for that safety.
Euro Lower on Bond Yields, Economic Disappointment
November 15th, 2011 at 13:43
Euro is lower today in Forex trading, thanks to higher bond yields in some countries, and to disappointing economic news. It looks increasingly as though EU leaders will be unable to contain the debt crisis, and markets are responding accordingly.
Canadian Dollar Falls as Sentiment Shifts to Pessimism
November 15th, 2011 at 7:06
The Canadian dollar extended its yesterday’s decline today as the returning concerns about the debt problems in the European Union made traders shun riskier currencies.
UK Pound Drops on Risk Aversion
November 14th, 2011 at 16:11
UK pound is lower today as risk aversion sets in. Concerns about Europe are affecting the financial markets today, with banks retreating — and other stocks retreating as well. Even though the pound is lower against the dollar and yen on risk aversion, though, it is gaining against the euro.
Japanese Yen Rises on Safe Haven Demand
November 14th, 2011 at 14:46
Japanese yen is rising today as Q3 GDP results indicate that Japan is recovering from the March 2011 earthquake and tsunami. Also boosting the yen today is safe haven demand as, once again, European stability is called into question.
Retail Sales Boost New Zealand Dollar
November 14th, 2011 at 13:57
The New Zealand dollar jumped today after the government report showed yesterday that the retail sales increase in the third quarter.
Italian Borrowing Costs Rise, Euro Suffers
November 14th, 2011 at 13:05
The euro was down today after the costs of the Italian securities surged, renewing concerns about the debt crisis in the European Union.
Week of Risk Aversion Was Moderately Good for US Dollar
This week was good for the US dollar as risk aversion sentiment caused by the problems in Europe increased demand for safety of the US currency. The end of the week, though, was marked by return of risk appetite, reducing gains of the greenback.