Top Forex News |
- Russia’s Ruble Follows Crude Oil in Decline
- Risk Aversion Sends Canadian Dollar Lower
- Pound Rises vs. Euro on House Prices & Services
- Japanese Yen Rallies Against Other Majors
| Russia’s Ruble Follows Crude Oil in Decline Posted: 04 Apr 2012 08:59 AM PDT
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| Risk Aversion Sends Canadian Dollar Lower Posted: 04 Apr 2012 07:43 AM PDT
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| Pound Rises vs. Euro on House Prices & Services Posted: 04 Apr 2012 06:43 AM PDT
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| Japanese Yen Rallies Against Other Majors Posted: 04 Apr 2012 06:40 AM PDT
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The Russian ruble slid today against the US dollar as crude oil prices declined after US inventories advanced more than was predicted by specialists.(...)
Canadian dollar is lower today as risk aversion sets in, and risk currencies lose ground. Loonie is down as investors look for ways to preserve their capital as opposed to seeing big gains. Equities around the world are lower, as are commodities, and that usually correlates with a higher US dollar against high beta currencies.
The Great Britain pound reached today the highest level in two months against the euro as house prices rose and services industry expanded. The currency retreated against the US dollar after the initial advance.(...)
Japanese yen is rallying against other majors today as risk aversion in the markets prompts an interest in safe haven. The yen is prized for its stability, even though it is a low yielding currency. Concerns about the eurozone are a big part of the uncertainty right now.
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