Day: February 8, 2012

February 8
2012

Canadian Dollar Fluctuates on Diversified Opinions About Greece

The Canadian dollar fell against the US dollar and the euro, but gained versus the Japanese yen as growing optimism about an outcome of the talks about Greek debt has started to slowly disappear from the Forex market, but hasn’t gone completely yet. It was a complicated trading day today. Views regarding a possible end of the unending story of Greece’s problems were shifting constantly and the Forex market was following the changes of traders’ […]

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February 8
2012

Euro Recovers Some of Its Losses in Choppy Trading

Trading remains choppy for the euro today as traders and investors look for direction. Everyone is waiting for a Greek debt deal to be reached, and a certain amount of concern is present that nothing has been signed yet. Earlier, the euro gained against the US dollar, then fell. Now, euro is struggling higher, recovering some of its losses. The economic news coming out of the eurozone has been relatively positive recently. […]

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February 8
2012

US Dollar Index Falls Earlier, But is Gaining Ground Now

US dollar index is lower today, falling overall as a degree of optimism returns to the markets. Many expect a Greek debt deal to be done today, and that means that there has been some demand for high beta currencies in earlier trading. Now, though, the US dollar seems to be gaining some ground as some of that risk appetite fades and the Greek situation looks a little less certain. Greenback is […]

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February 8
2012

Franc Weakens as Greek Talks Progress

The Swiss franc was down today as tensions about Greece eased and Swiss officials repeated that the currency is too strong and hurting nation’s exporters, therefore it should be weaker. The franc is still considered a safe currency, even though its status was hurt by the euro-peg, and today there is less need for safety among Forex traders. Thomas Jordan, Vice-Chairman of the Governing Board of the Swiss National Bank, […]

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February 8
2012

Malaysian Ringgit Rises as FX Market Keeps Good Sentiment

The Malaysian ringgit, as well as other Asian currencies, appreciated today as the Forex market kept positive mood from yesterday and traders were hopeful about resolution of Greek problems. Market participants again feel optimism on signs that talks about a new round of bailout for Greece progress and are nearing to conclusion. The International Institute of Finance said that the discussion between Greece and private bondholders was “constructive”. Furthermore, there is speculation […]

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February 8
2012

EUR/USD Fluctuates as Future of Greece Remains Unclear

EUR/USD fluctuated today as market sentiment about an outcome of talks about a new portion of bailout for Greece shifted constantly. Nothing is clear yet, so the currency pair may move in any direction. There wasn’t any major news from the United States to guide the Forex market, except the yesterday’s report about consumer credit that was quite good, but it wasn’t enough to cause any significant shift […]

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February 8
2012

Market Sentiment Shifts, CAD Goes Upward

The Canadian dollar gained versus its US counterpart and the Japanese yen, while fell against the euro, as Forex traders view the talks about new portion of a bailout to Greece in the positive light again. Traders constantly change their opinion regarding what happening in Europe. Currently their mood is positive because of speculations that Greece and the so-called “troika” (the European Union, the European Central Bank and the International Monetary Fund) are devising […]

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