The US dollar dropped today as expanding manufacturing in the United States and China damped demand for the greenback as a safe haven. The dollar reached the lowest level in more than a month against the yen.
Surprisingly Good Sentiment Hurts Dollar, Leading to Weekly Losses
December 03rd, 2011 at 20:45
The US dollar was down this week against most major currencies as the unexpectedly positive mood among Forex traders damped demand for the safety of the US currency. The greenback rose against the yen, but even the franc (which is still often behaves as a safe currency) outperformed the dollar.
Dollar Advances, Positive Sentiment Over?
December 02nd, 2011 at 6:48
The US dollar gained today as concerns and uncertainty slowly return to the Forex market and demand for the protection by the safe currencies may again emerge. It’s early to say with certainty that the greenback will rally again as the positive mood hasn’t yen gone completely from markets.
Brazilian Real Gains Despite Dovish Outlook
The Brazilian real gained today despite the speculation that the central bank will be forced to cut the interest rates further as the global economic growth stalls.
Another Day of Gains for Rand?
November 29th, 2011 at 15:11
The South African rand gained today as the positive mood prevailed on the Forex market, but later reversed its trend and currently almost erased its earlier gains.
New Zealand Dollar Extends Gains on Optimism
November 29th, 2011 at 13:42
The New Zealand dollar extended its gains today as the positive sentiment continues to reign the Forex market, bolstering the demand for the currencies linked to growth.
Record Drop of Yuan Since July 2010
November 25th, 2011 at 13:27
The Chinese yuan headed for a third weekly drop today, demonstrating the longest decline since July 2010, on the speculation that the slower economic growth will cause China to trim the currency’s gains to protect the nation’s exporters.
Brazilian Real Drops on China’s Manufacturing
November 24th, 2011 at 8:23
The Brazilian real fell today, while yesterday it was at the seven-week low, as the report showed that China’s manufacturing is slowing.
NZ Dollar Drops as Sentiment Remains Unfavorable
November 23rd, 2011 at 11:17
The New Zealand dollar fell today as the continuing problems in the European Union ensure that risk aversion sentiment remains in place, damping the attractiveness of the currencies related to economic growth.
US Dollar Mostly Higher, Even on Deficit Panel Failure
November 21st, 2011 at 16:27
A bi-partisan committee designed to find a solution to the debt crisis in the US has failed. As a result, US stocks are in free fall today. The US dollar, though, is mostly higher in Forex trading.