From Tokyo forex news, Japanese yen is gaining today, thanks in large part to concerns about the global economy. Worries about what's next for the economy have some Forex traders looking for safe haven, and that is boosting the yen today.
Daily forex news from Eurozone, Euro Maintains Losses After Draghi's Speech, EUR maintained its losses today after European Central Bank President Mario Draghi followed the International Monetary Fund in pessimistic outlook for Europe's economy. On top of that, the French trade balance deficit was bigger than expected
Meanwhile, USD firmed, especially against the euro, following a speech given by European Central Bank President, Mario Draghi to the European Parliament. Draghi's speech once again draws attention to the economic situation in the eurozone, which can be contrasted with the US economy's recovery.
Daily forex news from Sidney we reporting, Aussie Rebounds on Europe and Commodities sector, The Australian dollar climbed today, rebounding from the lowest level in three months, as European financial ministers announced that the permanent bailout fund is operational and as commodity prices went higher.
This whole week maybe Euro Stays Lower on IMF Projections, The euro was lower yesterday and kept its losses today against the US dollar and the Japanese yen after the International Monetary Fund cuts it growth forecast for the eurozone and predicted that inflation will slow, leading, perhaps, to lower interest rates.
From Switzerland forex update, Swissie Gains vs. Euro on Unemployment Rate & CPI data, CHF The Swiss franc gained today against the euro after macroeconomic reports showed that the nation's unemployment rate remained stable, proving expectations for an increase to be wrong, and inflation picked up. CHF was down versus the USD and JPY
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