Aussie Retreats as Risk Aversion Sets In

Aussie is retreating once showing some signs of gains earlier. Now, though, Aussie is heading lower as risk aversion sets in. issues regarding sovereign debt in Europe, and therefore the budget issues plaguing the US, are weighing on riskier currencies nowadays. Earlier, as US stocks pared gains and headed higher, the Australian dollar...

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Euro Higher for Now, But Debt Remains a Problem

Euro is higher straight away, gaining as some Forex traders engage in brief covering. However, the 17-nation currency continues to be at risk of debt issues — in the eurozone and in the US. For now, euro is obtaining to a small degree of a lift when some choppy trading yesterday, and a flight to safety for markets. Middle East demand has...

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SA Rand Rebounds on Outlook for Interest Rates

The South African rand rebounded these days after yesterday’s decline on the speculation the central bank will keep its interest rates unchanged, continuing to draw foreign investors. South Africa’s interest rates are important for the rand as the differential between the South African rates and also the borrowing prices within the developed...

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Global Economy Unfavorable for Riskier Currencies, Brazilian Real Drops

The Brazilian real ticked down because the developments within the international economy created investors favor safer assets over riskier ones. The US politician weren’t been ready to agree on budget cuts. Germany’s Finance Ministry admitted that the nation’s economic growth was “noticeably slower”. All in all, it remains terribly arduous...

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