Safe Haven Demand Sends US Dollar Surging Posted: 09 Nov 2011 06:44 AM PST Safe haven demand is high today as Italy moves to the brink of default. With bond yields surging, and other eurozone countries fighting their own sovereign debt battles, Forex traders are looking for safe haven — and that means the US dollar. (...) Read the rest of Safe Haven Demand Sends US Dollar Surging (146 words) Posted on Forex News. |
Rand Goes Lower as Moody Changes Outlook to Negative Posted: 09 Nov 2011 05:34 AM PST |
Sterling Lower as Risk Aversion Sets In Posted: 09 Nov 2011 04:53 AM PST Great Britain pound is struggling today, after seeing some gains yesterday. Today, though, equities are weighing on sterling as fears about the eurozone mount and result in risk aversion. (...) Read the rest of Sterling Lower as Risk Aversion Sets In (158 words) Posted on Forex News. |
Aussie Down Ahead of Employment Report Posted: 09 Nov 2011 04:45 AM PST The Australian dollar edged down today as the pessimistic outlook for tomorrow’s employment report outweighed the positive fundamental reports today.(...) Read the rest of Aussie Down Ahead of Employment Report (94 words)
Posted on Forex News. |
Japanese Yen Gains on Uncertain Prospects for EU Economy Posted: 08 Nov 2011 09:05 PM PST The Japanese yen gained today as some Forex market participants doesn’t consider the current political events in the European Union (namely, the resignation of Greek Prime Minister and the future resignation of Italian Prime Minister) as positive for the European economy. Such traders prefer to buy the Japanese currency as a safe haven. (...) Read the rest of Japanese Yen Gains on Uncertain Prospects for EU Economy (160 words)
Posted on Forex News. |
Euro Advances as Berlusconi Ready to Step Down Posted: 08 Nov 2011 05:35 PM PST The euro rallied yesterday and done a good job keeping its gains today as Italian Prime Minister Silvio Berlusconi agreed to resign after the austerity measures will be implemented.(...) Read the rest of Euro Advances as Berlusconi Ready to Step Down (120 words)
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