Today, the name of the game is risk appetite on the Forex market. Traders are looking for higher yields in their relief over a possible eurozone debt crisis deal, and the Australian dollar is heading higher as a result.

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Read the rest of Aussie Gains as Forex Traders Look for Higher Yields (147 words)

Once again, optimism is growing amongst Forex traders that a deal will be reached to contain sovereign debt in Europe. Even as Spain is downgraded, risk appetite is improving on the outlook for a plan to stop the spread of sovereign debt contagion.

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Read the rest of US Dollar Pulls Back on Improved Risk Appetite (140 words)

The Great Britain pound jumped today after the Bank of England monetary policy meeting minutes were released, showing that the central bank’s policy makers voted unanimously for the quantitative easing.(...)
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The euro regained its footing today on the speculation the European policy makers will increase the rescue fund to help in battle with the debt crisis.(...)
Read the rest of Euro Rebounds as EU Plans Boost of Bailout Fund (64 words)

Yet another downgrade of a credit rating of a European country was announced. This time Spain’s rating was cut by Moody’s Investor Service, making traders shun risk and seek for safety of the Japanese currency.(...)
Read the rest of Yen Gains, Strengthened by Europe’s Woes (68 words)

The Canadian dollar advanced today after the data from the US improved outlook for Canada’s southern neighbor and muted the negative impact of the fears of Europe’s sovereign-debt crisis.(...)
Read the rest of Improving Economy of US Results in Rally of CAD (158 words)