Wednesday, July 4, 2012

Daily Forex News: EUR is heading lower, AUD and Swedish Krona gained today, CHF higher against USD

Daily forex news from Eurozone we reporting, Euro is heading lower today, due in large part to the latest economic news. It appears that economic contraction is a very real possibility, and that is weighing on euro today. The news is supporting predictions that the, very strong issue for this week, European Central Bank will cut interest rates on Thursday in order to help stimulate the economy

Daily forex news from Malmo Sweden, The Swedish krona gained today after the nation's central bank left its key repo rate unchanged. The bank slashed the rate two times since December. The currency gave away part of its gains, but remains above the opening for now

From Sidney daily forex news, AUD The Australian dollar advanced as global stocks and commodities rallied on prospects of an interest rate cut by the European Central Bank. Positive fundamentals in Australia also helped the currency stronger than before

Forex news from Switzerland, The Swiss franc rose today as the euro advanced on positive Forex traders' mood. The Swissie was higher against the US dollar and the Japanese yen and remained flat versus the currency of the eurozone

No comments:

Post a Comment