Chinese Premier Wen Jiabao is planning to allow the yuan to increase in flexibility on the currency market, according to state-run CCTV.
Japanese Yen in Demand from China
November 04th, 2011 at 14:05
Japanese leaders recently intervened in the Forex market in order to weaken the yen, which has been strengthening lately. However, efforts to keep the yen lower have been running into trouble as China increases its investment in Japanese notes and bonds.
Euro Finds Some Support in Forex Trading
November 02nd, 2011 at 13:03
After yesterday’s struggles, the euro is finding some support to day on the currency market. Euro is making gains, despite the problems that continue to plague the eurozone.
Russia Ruble Falls Ahead of Greek Referendum
November 01st, 2011 at 10:31
The Russian ruble fell today as the concerns about the global economic slowdown weakened crude oil — the main nation’s source of export revenue.
Australian Dollar Gains as Optimism Strengthens
October 24th, 2011 at 23:13
The Australian dollar advanced today as traders threw out doubts and were ready to take a riskier course. Earlier Forex market participants felt uncertainty caused by the unclear outcome of the EU summit, but it seems they decided to look at the current plans of the European leader in the positive light.
China’s Economic Growth Helps Aussie, RBA Signals About Rates Cut
October 18th, 2011 at 16:03
The Australian dollar climbed today as the strong growth of China’s economy increased attractiveness of Australia’s currency. The Reserve Bank of Australia suggested the policy makers may cut the interest rates in the near future.
Loonie Lower on Oil Prices, Risk Aversion
October 13th, 2011 at 15:16
The Canadian dollar is heading lower in Forex trading today, thanks to declining oil prices and an increase in risk aversion. Yesterday’s risk rally appears to be over, and concerns about what’s next for the global economy are weighing on high beta currencies like the loonie.
Yen Rises as Chinese Export Growth Slows
October 13th, 2011 at 13:58
The Japanese yen advanced today after the report showed China’s export growth rose with slower pace last month, resulting in shrinking trade surplus.
US Dollar Lower as Global Equities Advance
October 12th, 2011 at 13:27
The US dollar remains lower in Forex trading today, heading down as global equities continue gain ground. Instead of focusing on Slovakia’s rejection of the EFSF expansion, traders are focusing on bank recapitalization expectations.
US Dollar Rises Further as Traders Shun Risk
September 22nd, 2011 at 22:22
The US dollar continued its upward movement today as yesterday’s statement of the Federal Reserve continues to force Forex traders to shun risk and to seek safety. The yen outperformed the dollar as a safe currency.