Top Forex News |
- Loonie Lower on Greenback Strength
- Rand Tumbles on Speculation that Central Bank Buys Dollars
- Japanese Yen Retains Weakness in Forex Trading
- GBP Fluctuates After Jobless Claims Climb
- Australian Dollar Jumps on US Economic Recovery
- Dollar Jumps as Fed Refrains from QE
Loonie Lower on Greenback Strength Posted: 14 Mar 2012 07:21 AM PDT Canadian dollar is weaker today, heading lower as the US dollar shows strength, and as commodities fall back. Today, it’s not a lot about economic data — including trade data — and more about larger trends for the future. With expectations of a US economic recovery picking up the pace, the greenback is gaining the upper hand. (...) |
Rand Tumbles on Speculation that Central Bank Buys Dollars Posted: 14 Mar 2012 06:39 AM PDT The South African rand slumped today after two days of gains on the speculation that the central bank bought dollars to keep the currency from appreciating further after it had reached the highest level in five months in February.(...) |
Japanese Yen Retains Weakness in Forex Trading Posted: 14 Mar 2012 06:24 AM PDT There’s a great deal of optimism going around the financial markets right now, and that means that there isn’t much need for the Japanese yen. With good news out of the United States, and remarks from Japanese leaders indicating that more easing could be on the way, the yen is well-positioned to retain much of its weakness in Forex trading. (...) |
GBP Fluctuates After Jobless Claims Climb Posted: 14 Mar 2012 05:09 AM PDT The Great Britain pound fluctuated versus the US dollar today after a report showed that jobless claims rose last month more than was predicted. The currency was falling throughout the first half of the trading session, then rebounded and now fluctuates in a wide range.(...) |
Australian Dollar Jumps on US Economic Recovery Posted: 13 Mar 2012 10:25 PM PDT The Australian dollar advanced as stocks and commodities rallied after the Federal Reserve released the minutes of its monetary policy meeting, indicating that the US economy is improving.(...) |
Dollar Jumps as Fed Refrains from QE Posted: 13 Mar 2012 09:31 PM PDT The US dollar jumped, reaching the highest level in almost a year against the Japanese yen, after the Federal Reserve refrained from additional quantitative easing and spoke about economic recovery.(...) |
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