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Day: July 20, 2012
July 202012
UK Pound Gains against Euro, Even with Disappointing Data
The latest economic data out of Britain is disappointing, showing a wider budget deficit than expected. However, even with this disappointing news, the pound is still performing better than the euro today. Pound is mixed today, falling against the US dollar and the Japanese yen as risk appetite flees, and as bad news in Britain puts the pound in a difficult position. However, even with the bad news, the UK pound is […]
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July 202012
Japanese Yen Surges as Risk Appetite Disappears
Japanese yen is surging against its major counterparts today, thanks to renewed concerns about what’s next for the eurozone. Lackluster US earnings aren’t helping much, either. As a result, the yen is in high demand, as one of the most stable currencies right now. Yen is in demand today as Forex traders look for safe haven. Additionally, yen has the advantage of being one of the higher yielding majors right now. With […]
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