Optimism has returned to the financial markets today, and that has resulted in a lower US dollar on the Forex market. Forex traders are feeling better about the situation around the world and, as a result, are turning to high beta currencies with better yields.

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Japanese yen is falling today, heading lower on the news that the government is prepared to increase its intervention in the currency market. The Ministry of Finance is hoping for an extra 30 trillion yen for use in currency intervention operations.

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The South African rand advanced today after Spain auctioned its three- and six-month bills with a good result and the German business confidence unexpectedly improved this month.(...)
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The Swedish krona climbed today to the highest price in a week on the speculation that the Sweden central bank will leave the interest rates unchanged in the first month of the new year after lowering them this month.(...)
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The Australian dollar rose today, reversing yesterday’s fall, as the minutes of the Reserve Bank of Australia’s monetary policy meeting weren’t as dovish as analysts expected, considering the decision to lower the interest rates.(...)
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The Canadian dollar gained today against its US counterpart, following yesterday’s fall. The currency rose versus the Japanese yen and the euro yesterday and continued to advance today as the prices for crude oil increased.(...)
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Russia’s ruble declined today after crude oil prices fell on the concerns about the power transition and the political stability in North Korea and the uncertainty with the situation in Europe.(...)
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