The Great Britain pound jumped against the US dollar today after the report showed the nation’s budget deficit shrank more than expected. The performance of the sterling against the Japanese yen wasn’t so good as the confidence of the British consumers unexpectedly worsened.(...)
Read the rest of UK Borrowing Shrinks, While Consumer Confidence Deteriorate (84 words)

Euro is higher against the US dollar today, getting a boost from another round of optimism about a solution to the sovereign debt crisis. So far, euro has hit a high just for today at 1.3901, before dropping back a bit.

(...)
Read the rest of Euro Higher against Dollar on Eurozone Optimism (138 words)

The Indian rupee fell below 50 per a dollar today on the signs of an economic slowdown in India, spurring the speculation that the nation’s central bank may intervene to support the currency.(...)
Read the rest of USD/INR Above 50, Will RBI Intervene? (82 words)

The ever-shifting mood among Forex market participants, caused by the uncertain prospects for a resolution of the European struggle with debt, translates into violent swings and an unpredictable behavior of currencies. The behavior of the New Zealand dollar wasn’t very different, yet the currency managed to gain as there was a reason for optimism.(...)
Read the rest of NZD Goes Up on EFSF Intervention Guideline (166 words)

Europe and its problems continue to rule the Forex market. Yet again traders looked with hope at the upcoming European Union summit as the speculation persists about the expansion of the EU rescue fund.(...)
Read the rest of Renewed Optimism for Europe’s Bailout Fund Boosts Loonie (128 words)

Japanese yen is heading lower today as traders focus on good earnings in the US. It appears as though a eurozone solution is, yet again, being put off. However, traders are still look for yields, and the yen is lower as a result.

(...)
Read the rest of Japanese Yen Lower; Japan Considers Quake Bonds (150 words)

The South Korean won weakened today as Forex traders shun the currencies of emerging markets because of worries about the effect of the crisis in Europe on the global economy.(...)
Read the rest of South Korean Won Drops as Traders Leave Asian Currencies (56 words)