Safe haven currency US dollar is down against most of its major counterparts on what many consider profit taking right now. Investors and Forex traders preparing to reposition themselves in light of the next round of economic data and predictions for central bank movements, Ben Bernanke "wisdom" is the most awaiting wisdom, it is little surprise that some profit taking is happening.
British currency UK Pound Gets Small Boost Against US Dollar, UK pound is getting a small boost against the US dollar today after USD lower as profit taking, thanks to some support from the latest CBI sales data. While the help is rather small, it's a little bit of a boost nonetheless. UK pound isn't expected to make any big moves anytime soon against any currency.
Meanwhile Japanese Yen Declines on Outlook for Continuing Monetary Accommodation, from Tokyo daily forex news, The Japanese yen fell today on outlook for continuing accommodation from the Bank of Japan that will push the currency to the downside. Monetary easing is still continues, Weaker JPY currency is one of the aims of the central bank that should support economic recovery
From Ottawa daily forex news, Canadian Dollar Mixed Ahead of BoC Meeting, The Canadian dollar fell against its US peer today as investors and traders were speculating about an end to Federal Reserve's quantitative easing. At the same time, Canadian Dollar was little changed versus the euro and rose against the Japanese yen
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