The Australian dollar fell after global stocks declined and the report showed that China’s manufacturing slowed, causing concerns that demand for country’s exports would wane. The currency suffered from the resulting risk aversion, but there was some good news that may support the Aussie.
August 24th, 2012 at 1:49
August 23rd, 2012 at 3:54
The New Zealand dollar advanced today, rising for the fourth straight session versus its US counterpart, as the Federal Reserve hinted that the third round of quantitative easing is still possible.
August 22nd, 2012 at 2:36
The New Zealand dollar retreated today as traders were afraid that tomorrow’s reports would show that manufacturing has slowed in China and the eurozone. Decline of manufacturing means falling demand for New Zealand’s exports and, as a result, currency.
August 09th, 2012 at 11:39
The Japanese yen advanced today after the Bank of Japan refrained from stimulating the nation’s economy and left its monetary policy unchanged. Earlier, the currency weakened as the Asian stocks rallied, reducing demand for the safety of yen.
August 01st, 2012 at 10:11
The Chinese yuan fell today after the worse-than-expected manufacturing report. The uncertainty about the policy decisions of the Federal Reserve and the European Central Bank also made traders reluctant to buy risky currencies.
The Malaysian ringgit fell today, following other Asian currencies in decline, as signs of global economic slowdown decreased attractiveness of risky currencies with higher yield.
July 10th, 2012 at 10:34
The Australian dollar dropped today ahead of the employment report later this week. The report is expected to be rather bad and the resulting pessimism added to the general negative mood on the Forex market that was caused by fears of global economic slowdown. Yet the Australian currency managed to rebound after the initial losses.
July 04th, 2012 at 22:16
The Australian dollar reached the two-month high against the US currency before retreating and climbed to highest level in more than four months versus the euro today as growth of retail sales in Australia beat analysts’ estimates.
July 03rd, 2012 at 12:33
The Japanese yen weakened today as global stocks rallied on speculations that central banks of developed nations would cut interest rates to bolster slowing growth of their economies.
June 26th, 2012 at 21:18
The Canadian dollar gained today even as the negative factors that were previously weakening the currency remained. Yet Forex market participants felt inclined to buy higher-yielding currencies even during these times of uncertainty.