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Day: September 26, 2012
September 262012
Canadian Dollar is Down as Negative Sentiment Grows
Canadian dollar is heading lower today, dropping as negative sentiment grows throughout the markets. The main concern is what is happening in the eurozone. There are worries about when Spain will ask for aid, and how long the government will hold off as Spanish citizens protest against austerity measures. Right now, there is a general feeling of risk aversion in the markets, and that means that the Canadian dollar is […]
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September 262012
UK Pound Gains on European Safe Haven Status
With risk appetite fading, and following yesterday’s equity rout, Forex traders are looking for a little safety and stability today — especially since the eurozone continues to cause problems. This means that, while the UK pound is down against low beta currencies like the dollar and the yen, it is also gaining against the euro, since it is the European safe haven. Difficulties with Spain continue, and concerns about […]
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September 262012
EUR/USD Declines Unmoved by US Fundamentals
The currency pair fell during the early trading session today and was trading in a slightly declined sideways direction since about 4:00 GMT. The fundamental reports coming out of the United States were not very important and helped neither euro nor dollar to break away from the current status quo. New home sales in the USA decreased to a seasonally adjusted annual rate of 373k in August down from 374k in July (revised […]
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