Top Forex News

Diposting oleh d3nfx Selasa, 20 Maret 2012

Top Forex News


Rand Ends 3-Day Rally on Concerns About China

Posted: 20 Mar 2012 07:23 AM PDT

100-rand notesThe South African rand fell today for the first time after three sessions of gains on concerns that the economic slowdown in China will diminish demand for commodities, reducing attractiveness of South Africa’s commodity-linked currency.(...)
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Euro Drops as China Concerns Rise, But Recovers

Posted: 20 Mar 2012 07:18 AM PDT

20-euro bill and the map of EuropeEuro is dropping today, losing ground as risk aversion sets in on the latest evidence that China’s economy might be slowing. After seeing four days of gains against the US dollar, the 17-nation currency is fell behind, but is now moving higher again.

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Read the rest of Euro Drops as China Concerns Rise, But Recovers (149 words)

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Japanese Yen Lower, Even as Risk Aversion Dominates Markets

Posted: 20 Mar 2012 06:23 AM PDT

Watermark on the Japanese yen billRisk aversion is dominating markets right now, but that isn’t keeping the yen from heading lower today. Instead of getting a boost as a safe haven currency, the Japanese yen remains lower against other majors this morning. It’s been an interesting day so far for the yen, as traders try to find their places.

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Read the rest of Japanese Yen Lower, Even as Risk Aversion Dominates Markets (133 words)

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Malaysian Ringgit Falls as High Fuel Prices Can Hurt Growth

Posted: 20 Mar 2012 05:52 AM PDT

100-ringgit billThe Malaysian ringgit fell today, followed by other Asian currencies, on concerns that rising energy prices may deter economic growth in the region and, as a result, decrease capital inflow from foreign investors.(...)
Read the rest of Malaysian Ringgit Falls as High Fuel Prices Can Hurt Growth (53 words)

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US Dollar Drops on Profit-Taking

Posted: 19 Mar 2012 05:30 PM PDT

The US dollar extended its losses against most major currencies, including the euro, the Great Britain pound and the Swiss franc, for the third day as positive mood of Forex traders made them prefer currencies with higher yield.(...)
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Canada’s Dollar Gains on Rally of Stocks

Posted: 19 Mar 2012 01:54 PM PDT

Canadian 100-dollar billsThe Canadian dollar gained today as global stocks rallied and positive macroeconomic fundamentals in the United States boosted risk appetite and increased appeal of Canada’s currency.(...)
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