The US dollar hasn’t gone very far in any direction, be it to the upside or the downside, in 2011. The currency was falling in the first half of the year on talks about a quantitative easing and hopes for Europe, but reversed its trend in the second half. The greenback has a potential to go either way in 2012 depending of a way the European issues will be resolved and decisions the US policy makers will make.
December 17th, 2011 at 15:37
The summit of the European Union nations last week set the mood for this week and it wasn’t the optimistic one. The Canadian dollar felt the weight of the negative sentiment, but the week wasn’t altogether bad for Canada’s currency.
December 12th, 2011 at 21:37
The Canadian dollar wasn’t performing well recently, at least against the dollar and the yen. Can the currency improve its behavior in the near future? It’s possible, but not probable. The performance against the euro and other growth-related currencies is another matter.
November 30th, 2011 at 15:09
US dollar is down across the board on the latest move by the world’s major central banks to increase liquidity. In an effort to inject confidence in global markets, several central banks are coordinating efforts to make the US dollar cheaper.
November 18th, 2011 at 16:38
The South African rand went higher today for the first time this week as the good fundamentals and the outlook for the USA overshadowed the European crisis.
November 03rd, 2011 at 7:55
The US dollar regained its strength against the euro today after yesterday the US currency declined following the decision of the Federal Reserve to maintain the interest rates at the record low level.
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.
October 05th, 2011 at 23:03
The Brazilian real advanced today amid the speculation the Federal Reserve and the European Central Bank are ready to meet the economic challenges and support the global recovery, while Brazil’s central bank is going to stem losses of the Brazilian currency.
October 05th, 2011 at 11:37
The Asian currencies, led by the Malaysian ringgit, gained today on the speculation that the Federal Reserve will boost stimulus to the US economy, improving prospect for Asia’s exports.
September 24th, 2011 at 9:37
This week was marked by risk aversion sentiment that hit markets hard and sent stocks, commodities and higher-yielding currencies tumbling down. The Japanese yen thrived in such an environment.
