Daily forex news for today is still focuse on Eurozone crisis latest update, Risk appetite is returning to the financial markets as the good news about the eurozone takes precedence. As a result, the US dollar is heading lower as Forex traders look for higher yields. However, USD weakness may not be lasting.
After European Central Bank hold the lines, Euro is heading higher today as optimism about what eurozone leaders will do to ease the crisis rises. There are hopes that Spain's situation will prompt action from leaders. The optimism is helping global markets rally, and providing a boost for the euro
Meanwhile from Kiwi, The New Zealand dollar gained today as milk prices jumped and risk appetite of Forex traders bolstered appeal of currencies tied to prices of commodities. Milk prices movement has a positive impact for NZD, That was the third consecutive session of gains of the currency against the Japanese yen.
Daily forex news from Sidney we reporting, The Australian dollar advanced today, rising for the third straight session against the US dollar and the Japanese yen, as Australia's economy grew in the first quarter more than analysts predicted. The currency also rose as Asian shares gained, bolstering demand for higher-yielding assets.
From Tokyo daily forex news we reporting, JPY or The Japanese yen dropped today after Finance Minister Jun Azumi said that the Group of Seven is not going to object interventions to contain big currency move. Finance Minister also send some signal for more intervention, That leaves room for more attempts to weaken the currency by the Bank of Japan. Intervention for JPY is still going on
Daily forex news from Ontario we reporting, CAD or The Canadian dollar climbed today after the Bank of Canada left its key overnight rate at 1 percent and hinted that interest rates hikes may follow in the future despite weakening global economic growth, nice movement for CAD against USD
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