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The Euro rallies as the Greek government formally asked to receive the bailout funds from the EU-IMF aid package. We also had positive fundamentals from the Euro-zone in the form of the IFO business index and new industrial orders. The Pound slid on weak GDP data, but recovered as risk appetite was stronger in NY [...]
Today’s trading saw several developments including a hawkish BOC statement that boosted the Canadian Dollar, hawkish minutes from the RBA that helped spur Aussie gains, positive fundamental data from the UK and Euro-zone and gains by the Dollar vs the Yen. News Provided by FXTimes/CMS Forex www.fxtimes.com http Analyst: Nick Nasad Open up a free [...]
Recap: Continued risk aversion from the Goldman Sachs news on Friday and lingering concerns over Greece helped the Dollar to gain against the Euro and commodity linked currencies like the Australian and Canadian Dollars. The Pound meanwhile was weaker on polling data showing a higher chance of a Hung Parliament. News Provided by FXTimes/CMS Forex [...]
The Yen surged on news that the SEC brought fraud charges against Goldman Sachs. The news prompted a sell-off in US equities which heightened the sense of risk aversion in currency markets benefiting the Japanese currency. Also, oil and gold tumbled which weakened the Canadian and Australian Dollars. News Provided by FXTimes/CMS Forex www.fxtimes.com http [...]
