The Norwegian krone is lower on the Forex market today, thanks in large part to a rate cut. Norges Bank cut interest rates for the first time since 2009, and the move is an indication that the economic situation in Norway may not be very strong.

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Euro is tanking today, moving below the psychologically important 1.30 level as funding pressures continue for some eurozone countries. Italian and Spanish debts are more expensive, and European Union leaders are still struggling with a solution that will improve the current situation, as well as prevent future crises.

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The Chilean peso rose today before returning to the opening price after Chile’s central bank kept the main interest rate unchanged for the sixth time, but analysts speculate that the adverse economic conditions still may spur the bank to lower the rates.(...)
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The Australian dollar traded flat today with upward bias even though the report showed an unexpected drop of the consumer sentiment in Australia. The same pattern of sideways trading was seen yesterday in the first half of the trading session, but later most currencies have broken to the downside.(...)
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The Canadian dollar fell yesterday and remained weak today after the US Federal Reserve refrained from performing another round of quantitative easing, supporting the US currency. The negative sentiment about Europe also continues to put downward pressure on Canada’s currency.(...)
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