The Australian dollar experienced the significant losses this week on the concerns for the new mining tax, which, while eased somewhat, didn’t go away completely.(…)Read the rest of Significant Decline of Australian Dollar This Week (122 words) Posted on Forex News.
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• Euro Holds onto Thursday’s Unexpected Gains, Will a Quiet Auction Week Maintain Bullishness?• British Pound Advances after Moody’s Offers its own Vote of Confidence in the UK• Australian, Canadian Dollars Set for Volatility in Next Week’s Scheduled Event Risk• Japanese Yen and Swiss Franc at Risk from Interventionist Policy Makers
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Friday’s trading conditions were highly unusual. On the one hand, the market was heading into the final session of the week with a strong pace of risk aversion and the monthly US nonfarm payrolls offered a specific event that could help or hinder the market’s activity.
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The Canadian dollar declined today amid the concerns for the economic recovery, which prompted the traders to cut the bets on the increase of the interest rates by the central bank.(…)Read the rest of Canadian Dollar Drops on Outlook for Rates & Growth (113 words) Posted on Forex News.
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The U.S. dollar dropped today against the euro as the macroeconomic indicators added to the evidences that the U.S. economic recovery is slowing, decreasing the appeal of the greenback as the safe currency.(…)Read the rest of Dollar Drops on Lower Than Expected Nonfarm Payrolls (99 words) Posted on Forex News.
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