The Australian dollar climbed today as the strong growth of China’s economy increased attractiveness of Australia’s currency. The Reserve Bank of Australia suggested the policy makers may cut the interest rates in the near future.(...)
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It’s probably not surprising to most Forex traders that the Japanese yen is higher today, thanks to all the uncertainty in the financial markets — and the uncertainty for the economy.

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Read the rest of Japanese Yen Heads Higher on Risk Aversion (162 words)

UK pound is heading lower today in Forex trading against the US dollar on all the concerns about what’s next for the British economy. Right now, it appears that stagflation might be the name of the game.

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Read the rest of UK Pound Lower on Stagflation Worries (153 words)

The euro today extended its drop for the second day after Moody’s Investor Service warned that France’s credit rating is in danger and Germany’s economic sentiment deteriorated.(...)
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The Asian economies show a strong economic growth, the fact that attracted the global funds and made them increase their holdings of region’s assets. As a result, Asian currencies rallied, the South Korean won among therm.(...)
Read the rest of South Korean Won Rises as Funds Come to Asia (119 words)