US dollar index is slipping today as Forex traders find risk appetite, even though there is little good news coming out of Europe. Instead of seeing risk aversion today, there is a bit of risk appetite, and that is sending the US dollar lower against its major counterparts. Also weighing on the US dollar is the possible of an extension of Operation Twist.
June 14th, 2012 at 13:53
UK pound is mixed today, gaining against the US dollar, but pulling back against the euro. Risk appetite is making a cautious appearance in the currency markets, even with trouble in the eurozone. Indeed, pound’s fall against the euro is a bit of a surprise after the British currency’s recent gains.
June 14th, 2012 at 2:59
The New Zealand dollar started today’s trading session posting gains after the Reserve Bank of New Zealand decided to keep its key Official Cash Rate unchanged and hinted that the economy may expand.
June 13th, 2012 at 21:50
The Canadian dollar fell today against most of its major peers as poor fundamental reports from the United States dimmed prospects for Canadian exports, while European problems still damp demand for currencies tied to growth.
June 13th, 2012 at 14:58
Euro is holding to earlier gains, and even building again, thanks to an appearance of risk appetite. Earlier, risk appetite faded a bit after US retail sales data, but now there appears to be a resurgence in a desire for riskier assets. The euro, as a result, is regaining its advantage against the US dollar.
June 13th, 2012 at 14:21
Greenback may be lower against the euro right now, but it is already showing signs of drifting higher as risk aversion makes an appearance. Retail sales data in the United States was disappointing, and now riskier assets are losing ground. That means that the euro may not have the upper hand for much longer.
June 12th, 2012 at 14:59
Aussie is finding support against other majors today, reversing earlier losses. Thanks to a little boost from gold, and Australia’s connection to the Chinese economy, Aussie is eking out modest gains.
June 11th, 2012 at 23:51
The New Zealand dollar fell against the Japanese yen and the US dollar, rising versus the euro at the same time, after the announcement of the €100 billion rescue package for Spain.
June 11th, 2012 at 14:54
Canadian dollar received a boost earlier, but the good news has since faded. A short-lived risk rally helped the loonie higher, but now concerns over what’s next for Europe have sent the currency down against the US dollar as uncertainty sets in and increases the demand for safe haven.
June 11th, 2012 at 14:10
The announcement that eurozone leaders are ready to bailout Spain is boosting risk appetite today, and sending the US dollar lower. Even though some of the euro’s gains have been pared since the news was announced, greenback is still mostly lower in Forex trading. US dollar is heading down as Forex traders consider that the euro might not be doomed after all.