Daily forex news for today, Euro is finding support today as a number, of developments take the focus of eurozone recession and sovereign debt issues. Right now, the 17-nation currency is gaining ground against its major counterparts as risk appetite, expectations of stimulus, and talks of a banking union for the European Union help support it.
Another bad news, Greenback is heading lower today, falling as the Federal Reserve prepares to announce its latest policy decision. While interest rates are expected to remain near zero, Forex traders and others are waiting to hear about the possibility of further stimulus
One of our fave safe haven currency The Japanese yen fell against all other most-traded currencies today as the risk-positive sentiment on the Forex market reduced demand for the currency as a safe haven, while speculations about an intervention from policy makers weakened the yen further
Safe haven currency The Australian dollar was strong today as anticipation of stimulus from the US Federal Reserve overshadowed the sharp fall of Australian consumer sentiment this month
Forex trading news for The New Zealand dollar rallied today, reaching the strongest level in more than two years against the Japanese yen, on positive macroeconomic data and anticipation of stimulus from the US central bank
Meanwhile, The Swiss franc dropped sharply against the euro today as UBS AG announced that it is going to apply charges for financial institutions holding cash accounts. The currency advanced for the second day versus the US dollar and the Japanese yen
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