Top Forex News

Diposting oleh d3nfx Kamis, 08 Desember 2011

Top Forex News


Euro Tanks as Draghi Disappoints

Posted: 08 Dec 2011 07:38 AM PST

EuroEuro is falling today as Forex traders express disappointment with the news conference from Mario Draghi. Euro had made some gains after the ECB rate cut, but those have been erased by the news that the ECB can’t do anything more for the sovereign debt crisis.

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Read the rest of Euro Tanks as Draghi Disappoints (139 words)

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US Dollar Up Against Most Majors

Posted: 08 Dec 2011 06:13 AM PST

US DollarUS dollar is up against the euro today, and higher against other currencies right now. Greenback is gaining against the 17-nation euro as the ECB cuts its key rate to 1%, and as European banks increase their demand for dollars.

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Read the rest of US Dollar Up Against Most Majors (154 words)

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Swiss Franc Down on Fears of Another Intervention from SNB

Posted: 08 Dec 2011 04:14 AM PST

Swiss francThe Swiss franc dropped today on the speculation that Switzerland’s central bank will make steps to weaken the currency further as soon as the next week. Earlier the franc was rising as the unemployment rate remained low.(...)
Read the rest of Swiss Franc Down on Fears of Another Intervention from SNB (73 words)

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Korea’s Won Weakens After BoK Keeps Rates Unchanged

Posted: 08 Dec 2011 01:57 AM PST

South Korean wonThe South Korean won declined today on the renewed fears of the European sovereign-debt crisis, while the Bank of Korea refrained from increasing its interest rates.(...)
Read the rest of Korea’s Won Weakens After BoK Keeps Rates Unchanged (84 words)

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Canadian Dollar Fluctuates Ahead of ECB Policy Decision

Posted: 07 Dec 2011 09:24 PM PST

Canadian DollarThe Canadian dollar fluctuated before the European Central Bank monetary policy meeting today and the summit of the European leaders on Friday. Yesterday, the currency closed almost unchanged.(...)
Read the rest of Canadian Dollar Fluctuates Ahead of ECB Policy Decision (165 words)

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Optimism Returns to Help Euro

Posted: 07 Dec 2011 11:48 AM PST

EuroEuro is gaining ground now, erasing earlier losses, as optimism returns to the Forex market. Earlier today, concerns about the gulf between Germany and France sent the euro lower. Now, there is optimism.

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Read the rest of Optimism Returns to Help Euro (147 words)

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Pound Goes Higher Even with Bad Fundamentals

Posted: 07 Dec 2011 09:52 AM PST

Great Britain poundThe Great Britain pound advanced today even as the fundamental reports were worse that the pessimistic forecasts. Market analysts are scratching their heads, but don’t expect that the trend of the pound would become positive.(...)
Read the rest of Pound Goes Higher Even with Bad Fundamentals (76 words)

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