Even though markets are somewhat cautious about next week’s risk events, some of that is fading as risk appetite returns — at least for today. The yen, which had the upper hand in earlier trading, is heading lower now as Forex traders look for higher yields.
November 23rd, 2012 at 15:16
November 23rd, 2012 at 0:37
The US dollar erased its gains versus the Japanese yen yesterday and continued the decline today. The greenback was soft against the euro on yesterday’s trading session, but gained at the beginning of today’s trading session.
November 22nd, 2012 at 14:20
UK pound is losing ground today, even though the good news out of China is providing a little bit of support. For the most part, Forex traders are in wait and see mode, with no major economic data out of the United Kingdom expected for the rest of the week, and with low volume in general, stemming from holidays in the United States and Japan.
November 22nd, 2012 at 14:04
Trade has been relatively quiet today, with US markets closed for the Thanksgiving holiday. However, in the Forex market there has been a measure of risk appetite. The Canadian dollar does not seem to be benefitting from that appetite, though, thanks to latest retail sales data.
November 22nd, 2012 at 6:06
The US dollar was soft at the beginning of today’s trading session on hopes that Greece will receive an aid after all. The positive fundamental data from the United States added to the weakness of the greenback. The currency trimmed its losses though and may yet rebound.
November 21st, 2012 at 15:31
Euro is moving a little bit higher today, gaining ground against the US dollar, even as concerns about the situation in Greece continue to take center stage. Even with the delay, though, the euro is eking out gains as expectations that greater efforts will be made in the future.
November 21st, 2012 at 9:54
The New Zealand dollar sank today versus its US counterpart after Japan cut its exports and the meeting of European finance ministers ended without meaningful conclusion. The kiwi, as the New Zealand currency is nicknamed, managed to advance versus the Japanese yen.
November 20th, 2012 at 23:13
The Reserve Bank of Australia released its monetary policy minutes today, weakening the Australian dollar. The minutes suggested that further monetary easing is possible, while Australia’s economy may grow slower than was previously anticipated.
November 20th, 2012 at 21:38
The Canadian dollar fell against some of its major peers, including the US dollar and the euro, today together with falling prices for crude oil, the major Canada’s export commodity. Losses were limited because of some good news for the currency.
November 20th, 2012 at 14:43
Euro is struggling once again, trying to gain the upper hand against the US dollar, as continued concerns about the eurozone crop up. Even though there appears to be a promise of a new bailout for Greece coming, France has been downgraded, and that is causing some worry.