Archive for December 2011

Aussie Feels Good as Stream of Bad News Pauses

The Australian dollar advanced today as the good news from Europe and the positive macroeconomic data from the United States helped to brighten mood of traders, who felt tired from the constant stream of bad news.

Canadian Dollar Rises as Economies of USA & Canada Improve

Canada’s dollar continued to rise today, following yesterday’s advance, on the signs that the economy of the United States is improving, while the economy of Canada itself also shows signs of recovery.

Japanese Yen Stronger Against US Dollar

Japanese yen is stronger against the US dollar today. In general, dollar is down against most other currencies as optimism improves on the news that jobless claims have dropped to significantly low levels. This same optimism is also prompting the euro to gain against the Japanese yen.

US Dollar Drops as Optimism Spurs Risk Appetite

US Dollar is falling back as Forex traders find some optimism in today’s good economic news. Jobless claims have fallen to lows not see for more than three years, and investors and traders alike are excited about the news. Jobless claims fell to 366,000, seasonally-adjusted.

Euro Snaps Decline After Spanish Debt Auction

The euro ended its three-day drop against the US dollar and the Japanese yen as the outcome of Spain’s debt auction was much better than anticipated, relieving concerns about the European sovereign-debt crisis to some extent.

Franc Gains as SNB Maintains Cap

The Swiss franc climbed today after Philipp Hildebrand, Chairman of the Governing Board of the Swiss National Bank, announced that the central bank would keep the ceiling at 1.20 francs per euro and leave the main interest rate unchanged.

Real Dips as Brazil’s Economy Slows

The Brazilian real weakened today, following other riskier currencies in decline, on the signs that Brazil’s economy felt the negative impact of the European sovereign-debt troubles on the global economic recovery.

European Crisis Continues to Hammer Down Canadian Dollar

The Canadian dollar continued to fall as the concerns for Europe continued to intensify. The indecisiveness of the European governments makes investors ask whether the politicians have ability and willingness to address the region’s issues or they would allow the European Union to fall apart.

Rate Cut Sends Norwegian Krone Lower

The Norwegian krone is lower on the Forex market today, thanks in large part to a rate cut. Norges Bank cut interest rates for the first time since 2009, and the move is an indication that the economic situation in Norway may not be very strong.

Euro Tanking as Costs of Italian and Spanish Debt Rise

Euro is tanking today, moving below the psychologically important 1.30 level as funding pressures continue for some eurozone countries. Italian and Spanish debts are more expensive, and European Union leaders are still struggling with a solution that will improve the current situation, as well as prevent future crises.

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