Friday, May 31, 2013

Safe haven currency US dollar is Lower, Euro Gets Boost from Confidence Report, Canadian Dollar Stronger

Safe haven currency US dollar is losing ground today, thanks in part to concerns that the economy is not ready to recover at quite the rate some had come to expect. The economic news is weighing on the greenback, and sending it lower against most of its major counterparts.

Meanwhile, Euro Gets Boost from Confidence Report, eurozone currency Euro is getting a bit of a boost today, thanks in part to the confidence report out of the eurozone. Economic confidence data increased more than expected, and the Euro is also seeing support as the United States sees disappointing economic data.

Tokyo daily forex news, Japanese Yen, Profits from Signs of Global Slowdown, The Japanese yen climbed today against most major currencies as signs of global economic slowdown made investors seek safety, sending stocks and commodities down together with currencies related to growth

Commodity currency Canadian Dollar Stronger After Carney's Last BoC Meeting, Ottawa daily forex news for today, The Canadian dollar jumped today against its US counterpart and trimmed losses versus the euro after the policy meeting of the Canadian central bank. At the same time, the currency declined against the Japanese yen

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