The positive market sentiment, caused by last week’s European summit, completely evaporated this week, allowing the US dollar to gains against most of major currencies. Of course, the same risk aversion also boosted the yen, helping it to outperform the greenback. Against the euro, the US currency jumped to the highest level in two years.
July 06th, 2012 at 23:15
The Canadian dollar dropped today after worse-than-expected US non-farm payrolls put the Forex market in risk-off mode, hurting currencies that are tied to commodities and economic growth. Unsurprisingly, the Canadian currency outperformed the euro.
July 06th, 2012 at 16:06
US dollar is heading higher today, thanks in large part to uncertainties about what’s next for the global economy. Everything seems to be slowing, and concerns about what’s next for the eurozone are taking center stage again. With all the worries, Forex traders are turning to the US dollar as a safe haven.
July 06th, 2012 at 15:09
The South African rand dropped today after worse-than-expected US non-farm payrolls fueled fear among investors that global economic growth stalled. Today’s decline erased all gains that the currency has got earlier this week.
June 04th, 2012 at 14:18
Asian currencies, the Malaysian ringgit among them, were down today as negative data from China on the weekend followed poor macroeconomic reports from the United States on Friday.
June 01st, 2012 at 15:44
The Japanese yen climbed against most other major currencies after US macroeconomic report left Forex market participants disappointed and made them seek a safe haven.
May 04th, 2012 at 14:23
The Indian rupee fell today as unfavorable fundamentals reports from the United States caused speculations that the global economic recovery is faltering and damped demand for riskier currencies of Asian nations.
April 09th, 2012 at 21:42
The US dollar fell today against most major currencies as the worse-than-expected payrolls fueled the speculation that the Federal Reserve will stimulate the US economy, weakening the currency at the same time.
April 09th, 2012 at 13:43
The Indian rupee declined today as last week’s US non-farm payrolls disappointed Forex market participants, sapping demand for riskier currencies of emerging markets.
April 07th, 2012 at 15:18
The US dollar had a strong rally this week on the signs that the Federal Reserve will refrain from quantitative easing. The speculation about easing reemerged by the end of the week, but didn’t influence the rally to a high degree.