Optimism and faith brings Poundsterling gaining against the US dollar and the Japanese yen today as an economic forecast expects growth to pick up in 2012. The Confederation of British Industry believes that Great Britain will avoid a technical recession this year, and that things will pick up. As a result, UK pound is heading higher against low beta currencies. Traders keep their head straight for optimism
Meanwhile, US dollar is lower as the Greek parliament votes to accept austerity measures requested by Eurogroup leaders as a condition for receiving bailout funds. US dollar weakness is a product of renewed optimism in Forex traders, and expectations for a stronger euro against US dollar
From Australian forex news, we reported AUD gained today after a report showed that the number of home loans in Australia last month rose more than was predicted, while positive news from Greece also bolstered the currency.
Greek debt crisis going to the new level bringing EUR rose a little against the dollar and the yen today after the Greek parliament agreed on the austerity measures required to get the bailout, easing tensions around Greece and its debt problems. Hopely the crisis gone slowly but sure
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