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Day: July 9, 2012
July 92012
Ruble Falls, Pares Decline
The Russian ruble fell today as the negative sentiment among Forex traders damped demand for the risky currency, but it rebounded at present as risk appetite slowly returns to investors. The ruble dropped today as signs of economic slowdown infused fear in FX market participants. It looks like willingness to risk made an appearance again on the markets. Still, it is too early to say that a full-fledged risk appetite returned traders. USD/RUB […]
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July 92012
Yen Climbs on Poor Fundamentals, Retreats
The Japanese yen fell today, erasing its previous gains. Earlier, the currency climbed as poor fundamental data from Asian nations spurred the risk aversion sentiment on the Forex market. China’s Producer Price Index fell 2.1 percent year-on-year and 0.7 percent month-on-month. Inflation slowed from 3.0 percent to 2.2 percent in June. Japan’s machinery orders fell 14.8 percent in May from the previous month on a seasonally adjusted basis, […]
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July 92012
UK Pound Mixed as Forex Traders Look for Direction
UK pound is mixed in Forex trading today, falling against the euro, but higher against the US dollar and the Japanese yen. This development follows choppy trading earlier, in which high beta currencies were mostly lower, and the pound gained against the euro. Even though things seem to have turned around a bit, though, pound is struggling to retain its recent gains. Forex traders are looking for direction […]
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July 92012
Euro Struggles to Regain Some of Its Earlier Losses
Euro dropped to a two-year low against the US dollar earlier, but is trying to pare some of its losses and log some gains ahead of a meeting between European finance ministers. Uncertainty is strong today, but there are small inklings of hope for the eurozone as well. Eurozone finance ministers are preparing for a meeting in which they will discuss some of the measures that the European ummit suggested to fight the sovereign debt […]
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