- December 21, 2020 Do we get tax benefits on Personal Loan?
- December 18, 2020 The solicitors Preston depends on for stress-free compensation claims
- December 16, 2020 eToro: History and Key Features
- December 11, 2020 Canadian Dollar Pauses 2020 Rally Against US Peer Amid Falling Crude Prices
- December 11, 2020 Pound Crashes Against Dollar As No-Deal Brexit Appears Imminent
- December 11, 2020 USD/JPY 104.57 High Starting a New Bearish Leg?
Day: June 25, 2012
June 252012
Yen Climbs as Hopes for Europe Tarnished
The Japanese yen climbed today, following the last week’s unexpectedly poor performance, as problems in Europe show no signs of subsiding, meaning that safe assets remain in high demand. There is seemingly no end to bad news out of Europe. Anti-euro sentiment is growing in Italy. Moody’s Investor Service downgraded 28 Spain’s banks. And it looks like not many market participants put hope on the coming summit […]
Read more
June 252012
US Dollar Gains on Risk Aversion
US dollar is on the rise today, thanks to risk aversion. With concerns in Europe, and uncertainty about the impact of the US Supreme Court ruling on health care reform, the greenback is in demand as a safe haven. As European leaders meet this week in a summit to try to find a solution to the sovereign debt problems that beset them, the US dollar is on the rise against its major counterparts. Few are hopeful that something substantial […]
Read more
June 252012
Europe Fears Dominate, Sending Euro Lower
Fears about Europe are back in the spotlight, causing worries and resulting in risk aversion that is weighing heavily on the euro today. Euro is lower as concerns about what’s next send EUR/USD below the 1.25 mark. European leaders are meeting for a summit this week, hoping to find a solution to the debt problems that beset the region. However, after so many failed attempts, there is little hope that […]
Read more
June 252012
Rand Falls on Weakening Prospects for Global Economic Growth
The South African rand declined for the third consecutive session today as Forex traders were worried that economic growth is slowing all around the globe, reducing demand for exports of emerging economies. Citigroup predicted that Chinaâs economic growth will be 7.8 percent this year, down from the previous forecast of 8.1 percent. The European Union summit may bring some relief to the market in case of a good outcome of the meeting, […]
Read more
June 252012
Lira Drops After Syria Shoots Turkish Warplane
The Turkish lira fell today after Turkey’s warplane was shot down by Syrian forces in international airspace, heightening political tensions between the Middle Eastern countries. Turkey said that it considers what an answer should be for the incident. Tensions between the countries were already high as Syria criticized Turkey for hosting meetings for Syrian anti-government groups, while Turkey called Syria to change the government and blamed it for deaths of anti-government […]
Read more