Wednesday, August 29, 2012

Daily Forex News: EUR is heading higher, NZD fell today, JPY shows signs of weakening

Daily forex news from Eurozone we reporting, EUR is heading higher today as Forex traders assume that the European Central Bank will act to alleviate some of the issues with the sovereign debt situation. Some solving act, However, gains are likely limited, since no one has details, and possible actions are only rumors.

Meanwhile daily forex news from Kiwi's currency, The New Zealand dollar fell today after the report showed that profits of Chinese industrial companies declined and slowdown in growth, adding to signs of global economic slowdown and damping prospects for New Zealand exports

From Tokyo forex news, The Japanese yen climbed today on signs of economic slowdown in various parts of the world, including Japan itself, that spurred demand for safer currencies. Currently, the japanese yen shows signs of weakening

Daily forex news from Stockholm we reporting, The Swedish krona gained today as rising retail sales added to speculations that fundamentals in Sweden are very good and the nation's central bank has no reasons to cut its interest rates

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