Yuan Drops as Central Bank Sets Reference Rate Lower Posted: 05 Jan 2012 07:49 AM PST |
Euro Plummets as Concerns Skyrocket Posted: 05 Jan 2012 07:23 AM PST Euro has plummeted below the 1.28 level against the US dollar today as concerns pile up. The latest French bond auction saw higher borrowing costs, and there are renewed concerns about a credit rating downgrade for country. On top of that, Italian banking weakness remains. (...) Read the rest of Euro Plummets as Concerns Skyrocket (133 words) Posted on Forex News. |
Aussie Mixed in Forex Trading Posted: 05 Jan 2012 06:33 AM PST Aussie is down against the US dollar as risk aversion continues today, but up against the euro. Concerns about the eurozone crisis have sharpened, and that has investors and Forex traders alike jumpy about what could be next for the global economy. As a result, the Australian dollar is seeing gains against a weaker euro, but losses against the greenback, which is used as a safe haven. (...) Read the rest of Aussie Mixed in Forex Trading (125 words) Posted on Forex News. |
Pound Jumps to Highest Price in More Than a Year Against Euro Posted: 04 Jan 2012 09:23 PM PST The Great Britain pound jumped against the euro to the highest level in more than a year as concerns about the problems of Europe made the UK currency more appealing. The sterling also advanced versus the Swiss franc, but dropped against the US dollar.(...) Read the rest of Pound Jumps to Highest Price in More Than a Year Against Euro (117 words)
Posted on Forex News. |
Canada’s Dollar Suffers from Risk Aversion Posted: 04 Jan 2012 05:45 PM PST The Canadian dollar fell yesterday and continued its decline today against the US currency and the Japanese yen as optimism evaporated from the Forex market. Canada’s currency jumped versus the euro.(...) Read the rest of Canada’s Dollar Suffers from Risk Aversion (128 words)
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