Risk Aversion Weighs on Australian Dollar

Aussie is heading lower right now, thanks in large part to uncertainty and risk aversion. Lower stocks and commodity losses earlier are contributing to a lower Australian dollar right now.

Crude Oil Prices Drag Canadian Dollar Down

The Canadian dollar sank yesterday and retained its weakness today as falling crude oil prices dragged the currency down along with them. The drop of the US dollar could have helped the loonie, but in practice it had a minimal impact if any at all.

Dollar Weaker After Fed Minutes

The US dollar dropped yesterday after the release of the Federal Reserve policy minutes and continued to move lower today (though not against all major rivals). The report sent a confusing message to the markets, but most market participants considered it to be dovish.

Vietnam’s Central Bank Devalues Dong

The Vietnamese dong dropped today as Vietnam’s central bank devalued the currency for the third time this year. Nation’s policy makers weakened the currency in hopes to counter the fallout from Chinese economic slowdown and potential currency wars.

China Drives New Zealand Dollar Lower

Economic data from New Zealand was not particularly positive today, but it was likely not the reason for the drop of the New Zealand dollar. News from China, the biggest trading partner of the South Pacific nation, was the driving force behind the decline.

Euro Heads Higher After German MPs Approve Greek Bailout

With Germany backing the latest bailout for Greece, the euro is heading higher today. There’s a lot to consider when it comes to the eurozone and the euro, and the latest bailout means that, for now, there will be no exit from the 19-nation currency union for Greece.

Canadian Dollar Remains Lukewarm

Canadian dollar remains lukewarm in Forex trading against its major counterparts today. There isn’t a whole lot to either push the loonie forward or drag it back, and it is mostly rangebound today.

Turkish Lira Holds Ground After Central Bank Maintains Interest Rates

The Turkish lira rose a little versus the US dollar and traded sideways against the euro following yesterday’s decision of the Turkish central bank to hold interest rates steady.

Dollar Mixed After Housing Data

Today’s data from the United States was mildly supportive for the US currency, which has been also bolstered by the general risk-negative market sentiment. The dollar gained on the euro but fell versus the Great Britain pound and was flat against the Japanese yen.

Euro Could See Strength Down the Road

Now that the worst fears of the eurozone have been put to rest, there is some speculation that the 19-nation currency could return strength in the not-to-distant future, thanks in part to recovery in Spain and stability for Greece.

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