Thursday, October 11, 2012

Daily Forex News: USD Moving Sideways, CAD Stronger Against EUR, Lower Against USD and JPY

Daily forex news for today, US dollar is moving sideways today, thanks to surprisingly good earnings news from some quarters, and many treating the European debt crisis as though it is almost resolved.

Like or dislike, IMF Forecast Hurts FX Market on India, Rupee Weak The Indian rupee weakened today as the growth projections of the International Monetary Fund hurt the market sentiment, deterring investors from riskier currencies of emerging economies

After some commodities rallied, CAD Stronger vs Euro, Down vs. USD & JPY, The Canadian dollar gained against the euro today as commodities rallied, increasing the attractiveness of the currency. CAD weakened against the US dollar and the Japanese yen though, as the market sentiment was not very positive today

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