The South Korean won gained today on speculation that the South Korean central bank will step in to support the nation’s currency that is depreciating amid concerns about global growth.
CAD Falls vs. USD & JPY, Rises vs. EUR
December 28th, 2011 at 17:22
The Canadian dollar fell today against the US dollar and the Japanese yen, but advanced versus the euro, as the European debt crisis continues to eat away confidence of Forex market participants and makes them to seek refuge.
US Dollar Index Rises on ECB Balance Sheet
December 28th, 2011 at 16:55
US dollar index is rising as Forex traders look for a little safety. The news that the European Central Bank balance sheet is soaring, with new bank lending jumping, has many searching for a little stability. And that means that the US dollar has the upper hand against high beta currencies right now.
Euro Falls on Risk Aversion
Euro is losing ground, dropping below the 1.30 mark against the US dollar, as risk aversion returns to the markets. Forex traders are concerned about what’s next in the eurozone drama. A recent auction in Italy, of six-month bond issues, went well, but some are worried about what happens at Thursday’s longer-term Italian auction.
Zloty Gains as Traders Expect Intervention from Central Bank
December 28th, 2011 at 12:16
The Polish zloty advanced today, gaining for the third straight trading session, as Forex market participants expect the nation’s central bank to take actions to support the depreciating currency.
Yen Gains as Europe Still Troubles Forex Speculators
December 28th, 2011 at 10:58
The Japanese yen gained today as worries about the European sovereign debt crisis still plague the Forex market, while Asian stocks fell, boosting demand for safer assets.
US Dollar Mostly Weaker
December 27th, 2011 at 16:31
Greenback is mostly weaker today, thanks to a bit of optimism in the markets. Consumer confidence data has provided a degree of optimism for Forex traders, and that means the dollar isn’t needed as a safe haven.
Canadian Dollar Gains on Optimism in the United States
December 27th, 2011 at 15:43
Canadian dollar is higher against the US dollar today as optimism makes an appearance. US markets are showing improvement as consumer confidence gives stocks a boost, and provides hope for a US economic recovery.
Shekel Rebounds as Central Bank Holds Interest Rates
December 27th, 2011 at 12:19
The Israeli new shekel rebounded today after earlier drop versus the US dollar as the nation’s central bank maintained its key interest rate and predicted that the country’s economy will expand next year.
Won Retreats as Importers Buy Dollars
December 27th, 2011 at 11:06
The South Korean won fell today as nation’s importers increased their purchases of dollars, while concerns about the region’s economic growth intensified, reducing appeal of Korea’s currency.
