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Day: September 18, 2012
September 182012
US Dollar Gains as Uncertainty Returns to the Markets
US dollar is heading higher today, getting some help from the uncertainty that is returning to the markets. The weakness from the quantitative easing announcement is fading a bit as Forex traders look for a little certainty in the current environment. Greenback is gaining right now, thanks to the latest news out of China, as well as renewed concerns about what is happening in the eurozone. In China, housing prices aren’t growing at the same rate […]
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September 182012
Canadian Dollar Struggles to Hold Ground against US Dollar
Canadian dollar is struggling today, working to hold ground against the US dollar as risk aversion sends high beta currencies lower today. Loonie is one of those that is down against the greenback, but the Canadian currency has been making moves to steady itself. After reaching 13-month highs at the end of last week, the last two days have not been kind to the Canadian dollar. The euphoria over […]
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September 182012
EUR/USD Goes Down as US Macroeconomics Are Shown to Improve
The US dollar strengthened against the euro today following poor business sentiment releases from Europe and quite optimistic macroeconomic reports from the United States. The currency pair halted its growth yesterday after setting the highest price level since early May and is now heading down in a correction. US current account balance deficit tightened to $117.4 billion in second quarter of 2012, while the figure for the previous quarter was […]
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