Yesterday’s enthusiasm has largely disappeared and risk aversion is back in fashion on the Forex market. US dollar is gaining against high beta currencies today as attention turns back to the troubles in Europe.

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The euro pared its yesterday’s gains today after the preliminary report showed that inflation in the eurozone slowed and the outcome of the German debt auction wasn’t very good.(...)
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Euro is lower again today, dropping as concerns about what’s next in the European banking saga weigh on investors and Forex traders. EUR/USD is back below the 1.30 level, falling as concerns about the eurozone dominate.

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Read the rest of EUR/USD Back Below 1.30 (138 words)

The Hungarian forint sank today to the lowest level in almost three years on concerns that Hungary won’t receive a bailout from the European Union and the International Monetary Fund in the near future.(...)
Read the rest of Forint Drops to Almost Three-Year Low (56 words)

The South African rand advanced yesterday on the positive mood among Forex traders, though the currency lost part of its gains later. The rand held steady today.(...)
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The New Zealand dollar surged today as the positive reports about China’s and US manufacturing made more attractive currencies related to growth, the New Zealand one among them.(...)
Read the rest of NZD Jumps as Positive PMI Figures Spark Optimism on FX Market (105 words)