Friday, June 15, 2012

EUR is pulling back, CAD dropped against USD, JPY climbed against all other major currencies

Here is daily forex news for today, from Eurozone single currency, Euro is pulling back a little on uncertainty today. Euro was higher earlier on the news that central banks would coordinate efforts in the event that Greek elections go badly this weekend, but there is enough disquiet about what's ahead that the euro is slightly lower.

Latest daily forex news from Ontario we reporting, Even though investors are sending stocks higher, there are plenty of concerns about the economy dragging down some of the high beta currencies, including the Canadian dollar. Sadly CAD is down against the US dollar, heading lower on expectations of a slowing global economy

Meanwhile, Won currency, The South Korean won rose today as speculations that the US Federal Reserve would stimulate the slowing economy continued to bolster higher-yielding assets of emerging markets.

Daily forex news from Tokyo Stock Exchange, JPY The Japanese yen climbed against all other major currencies today after the Bank of Japan left its monetary policy unchanged, refraining from expanding monetary stimulus, as always that JPY is great currency

Let's we go to Mexico City, daily forex news for Peso currency, The Mexican peso gained on speculations that the Federal Reserve will stimulate the US economy as measure to support the faltering recovery and on rumors that European central bank will coordinate their efforts to bolster the European economy

Finally EUR gains, The euro advanced against other major currencies today as poor macroeconomic data from the United States weakened the dollar and spurred speculations that the Federal Reserve will stimulate the economy to support the faltering recovery

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