Greenback is mostly weaker today, thanks to a bit of optimism in the markets. Consumer confidence data has provided a degree of optimism for Forex traders, and that means the dollar isn’t needed as a safe haven. However, things could change fairly quickly. Some of the earlier optimism is fading, thanks to the latest numbers regarding home prices. While consumer confidence data points to the idea that spending could resume and help the US economy, […]
Read moreCanadian dollar is higher against the US dollar today as optimism makes an appearance. US markets are showing improvement as consumer confidence gives stocks a boost, and provides hope for a US economic recovery. The United States is Canada’s largest export market, and hopes that US consumers are ready to spend again are helping the loonie in Forex trading. Indeed, loonie is is seeing some solid gains today, […]
Read moreThe Israeli new shekel rebounded today after earlier drop versus the US dollar as the nation’s central bank maintained its key interest rate and predicted that the country’s economy will expand next year. The Bank of Israel kept its benchmark interest rate for January 2012 unchanged at 2.75 percent yesterday following the cut last month. The annual growth of inflation was 2.6 percent in November, while the consumer prices were […]
Read moreThe South Korean won fell today as nation’s importers increased their purchases of dollars, while concerns about the region’s economic growth intensified, reducing appeal of Korea’s currency. Demand for dollars from South Korean importers increased as they need to settle bills by the end of the year. Nation’s consumer confidence declined from 103 in November to 99 in December, the lowest level in three months. The KOSPI Index of shares dropped 0.8 percent today. […]
Read moreEUR/USD was rising today, stalled, then sharply dropped, and currently trades sideways, remaining above the opening level. The gains aren’t big, though. The report about the US housing market wasn’t good, but manufacturing and consumer sentiment showed signs of improvement. Seasonally adjusted S&P/Case-Shiller home price index fell to 138.53 in October from 139.42 in September. The index declined 3.4% from a year ago. (Event A on the chart.) Richmond Fed […]
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