The Canadian dollar jumped today as positive employment data from the United State boosted risk appetite among Forex traders and overshadowed poor employment report from Canada itself.
US Dollar Pares Earlier Gains
February 03rd, 2012 at 16:20
US dollar is paring some of its earlier gains against the euro as risk appetite improves. However, greenback still has the upper hand against European currencies right now as the data coming out of the United States seems to indicate that the economic recovery could speed up.
Euro Falls on Disappointing News
Euro is lower today, thanks to disappointing news coming out of the eurozone. The 17-nation currency is pulling back on falling retail sales and a disappointing bond auction in Portugal. Even the general enthusiasm experienced by financial markets at the latest US jobs data isn’t helping the euro right now.
Ruble Decline After Bank Rossii Keeps Rates Unchanged
February 03rd, 2012 at 14:17
The Russian slid today as Russia’s central bank kept its main interest rates unchanged and crude oil, the main nation’s export, traded near the lowest level in six months.
Services PMI Eases Concerns About UK Economy, Pound Gains
February 03rd, 2012 at 13:29
The Great Britain pound gained today after a report showed that UK service industries advanced last month, easing concerns about recession of Britain’s economy and making the sterling again viable haven from Europe’s crisis.
USD Gains vs. EUR & GBP on Positive Outlook for US Economy, Retreats
February 03rd, 2012 at 6:53
The US dollar rose yesterday against the euro and the Great Britain pound on positive macroeconomic data from the United State and comments of Federal Reserve Chairman Ben Bernanke, but was somewhat weaker today. The currency was flat versus the Japanese yen today, as well as yesterday.
Franc Flat as Trade Balance Decreases Even as Export Grows
February 03rd, 2012 at 5:52
The Swiss franc was flat today as Swiss exports advanced, easing concerns about a new intervention by the Swiss National Bank, but trade balance surplus decreased anyway.
Canadian Dollar Edges Higher even with Uncertainty
February 02nd, 2012 at 15:39
Canadian dollar is edging higher on market uncertainty today, gaining a bit even as risk aversion creeps into currency trading. Loonie does remain near parity with the greenback, though. Gains have been limited by some of the uncertainty experienced by the financial markets.
Euro Heads Lower after Recent Rally
February 02nd, 2012 at 14:15
Euro has been showing strength against the US dollar recently, but uncertainty is creeping into the markets. As a result, risk aversion is making an appearance, and the euro is heading lower against the US dollar, as well as heading lower against the Japanese yen and even the Great Britain pound.
Pound Down as Construction in Britain Slows
February 02nd, 2012 at 10:19
The Great Britain pound erased its gains versus the US dollar and fell against the Japanese yen today after the report showed that UK construction growth slowed last month.