The Swiss franc was down for the second week as prospects of peg of the currency to the euro significantly reduced appeal of the franc a safe asset.Swiss Franc Weakens This Week, Reverses Downtrend by Weekend
The uncertain economic situation on market creates great demand for safer currencies. Governments, worried by resulting appreciation, attempt to intervene to rein excessive appreciation of such currencies. Today, the Swiss franc was one of the currencies that felt pressure.Franc’s Rally Fails on Euro-Peg Speculation
The Swiss franc weakened for the second trading session as the positive macroeconomic data from Europe boosted stocks and commodities, reducing investors’ need for safety of the franc.Franc Falls for Second Day on Risk Sentiment
The Swiss franc snapped its decline today as the speculation about potential slowdown of the global economic growth returned attractiveness to safe currencies.Franc Gains as Markets Return to Risk Aversion
Friday, August 26th, 2011 The Swiss franc slumped today after Federal Reserve Chairman Ben. S. Bernanke spoke today, improving sentiment on markets, while rumors abound that Switzerland’s policy makers are preparing another action to weaken the Swiss
The Swiss franc slumped today after Federal Reserve Chairman Ben. S. Bernanke spoke today, improving sentiment on markets, while rumors abound that Switzerland’s policy makers are preparing another action to weaken the Swiss Franc Falls as Bernanke Improves Sentiment on Markets
The Swiss franc gained today for the second day, snapping yesterday its Franc Rallies as SNB Doesn’t Intervene
The Swiss franc climbed today against the US dollar, extending its rally for the third day, after the Franc Jumps as US Payrolls Show Zero Growth
The franc plunged today, posting the biggest decline against the euro in all times, after the Swiss National Bank decided to set limit of franc’s appreciation versus the euro.Record Drop of Franc After SNB Pegs Currency to Euro
The Swiss franc fell today against most major currencies as Economy Minister Johann Franc Considered Overvalued Even Pegged to Euro
The Swiss franc rose today even after the Swiss National Bank left the benchmark interest rate at zero at pledged to maintain the peg of the nation’s currency to the euro.SNB Maintains Rates at Zero, Franc Strengthens
The Swedish krona fell for another day this Wednesday as optimism in the Eurozone and negative releases in the Nordic country declined attractiveness regionally for assets in Sweden.Swedish Krona Down on Eurozone Optimism
The Swedish krona rose today to the highest level in two years versus the US dollar on the speculation that the central bank would perform its monetary tightening plans and as the economic data was favorable.Krona at Two-Year Record on Outlook for Monetary Tightening
The Swedish krona gained today after the report showed the retail sales grew more than predicted, increasing the probability of the interest rates hike.Retail Sales Bolsters Swedish Krona & Bets on Rates Hike
The Swedish krona rose for the second day versus the US dollar and reached the highest level in 10 years against the euro on the speculation that the strong global economic growth will increase demand for Sweden’s assets.Swedish Krona Reaches 10-Year High vs. Euro
The Swedish krona strengthened today, rising to the highest level in two and a half years versus the US dollar, after the report showed that Sweden’s economic growth beat forecasts.
Swedish Krona Gains as Economic Growth Exceeds Forecasts
The Swedish krone declined today as the inflation pressure weakened, reducing need for the central bank to increase the interest rates.
Swedish Krona Fell as Inflation Pressure Recedes
The Swedish krona strengthened today after the government raised its growth forecast for the nation’s economy, adding to reasons for the central bank to raise its interest rates.
Swedish Krona Rises with Better Growth Outlook
The Swedish krona jumped to the highest level in more than two and a half years after the central bank raised the interest rates to slow the inflation.
Swedish Krona Surges to 2.5-Year Record on Higher Rates
The Swedish krona today fell against all its
Swedish Krona Falls on Growth & Interest Rates Outlook
The Swedish krona fell as the report showed that manufacturing in Sweden contracted last month, reinforcing outlook that the nation’s central bank would cut interest rates.
Swedish Krona Falls as Manufacturing Declines
Last week was very important for the US dollar because the currency reversed its bearish trend and strengthened versus most of its counterparts. This week can be even more important as it may confirm the trend or break it.
Important Week for US Dollar, Can It Confirm Bullish Trend?
The Japanese yen rose sharply on the last Friday after the earthquake hit the country, spurring risk aversion and demand for the currency as a safe haven. Today the currency slipped as the government and the central bank attempt to deal with the results of the disaster. Can the Japanese currency still profit from the fears, caused by the tremor, or it’s going to extend its losses?
Forecast: Yen May Go Down on Intervention and BoJ Rates Decision
The euro surged last week as the European leaders made some preliminary agreements about resolving the sovereign debt crisis. The improving sentiment about the ability of Japan to recover from the disaster also helped the currency. Can the shared European currency maintain its upward momentum this week?
Can Euro’s Rally Run Out of Steam?
This week promises to be very important for the US dollar as there will be many fundamental reports, including the very important
Week that Can Define Future of Dollar
USD Reverses Trend as Market Sentiment Shifts
The euro started this week very poor. The currency currently shows weak attempts to regain its footing, but most analysts have a very negative outlook for the euro in the Story of EU Debt Crisis Continues, Drowning Euro
Iraqi Dinar: Main Drivers & Redenomination
Following the Friday’s US credit rating downgrade by Standard & Poor’s the Forex traders are wondering how will the currencies react tomorrow and where will the dollar head during the next few weeks.
Future of the US Dollar with AA+ Rating
The Swiss franc is considered one of the most attractive currencies (if not the most attractive) nowadays as the strength of the franc makes it preferable as a safe haven. With all the financial turmoil in Europe and America the safety of the currency is in high demand among investors. But the Swiss National Bank announced last week that it’s going to take measures for taming the excessive appreciation of the Swiss currency. How this step will affect the franc? Let’s look at the history of the bank’s decisions to see how interventions usually affect the currency.Intervention: Way to Weaker Franc or Bluff of SNB?
The Great Britain pound fell during the previous week, but rose at the beginning of this week. Could it be a sign that the sterling is going to reverse its bearish trend? The currently available data shows that such case is unlikely.
Forecast: Fundamentals Aren’t Favorable for Pound
Bank Indonesia Raises Borrowing Costs
The Indonesian rupiah advanced today to the strongest level in almost three months as Indonesia’s economy expanded with the fastest pace in six years
Indonesian Rupiah Rises on Strong GDP Growth
The Indonesian rupiah advanced for the third day today on positive outlook for the biggest economy of Southeast Asia, caused by the inflow of foreign funds.
Indonesian Rupiah Gains on Positive Growth Outlook
The Indonesian rupiah strengthened today as concerns about the European debt crisis eased, increasing appeal of riskier currencies.
Worries About Europe Ease, Indonesian Rupiah Gains
Indonesia Intervenes to Support Rupiah, India & South Korea Follow
The Israeli New Sheqel rose today as the difference between Israel’s and the US interest rates attracted investors to the currency.
Sheqel Gains on Interest Rates Swaps
The Israeli currency had the sharpest fall in 4 months today as the government is likely to increase a dollar purchasing program to stimulate the national currency.
Israel’s Sheqel Falls on Dollar Purchase Speculations
The Chilean peso suffered with the side effects of positive reports in North America that attracted traders to purchase assets in the U.S., leaving emerging markets in a second plan for traders to invest their money, despite a considerable level of risk appetite in today’s session.
Chilean Peso Down on U.S. Economic Improvement
The Chilean peso oddly profited from a natural tragedy that impacted the country in the first night of this month, as speculations suggest that the reconstruction process in the country, will allow the country’s economy to accelerate.
Chilean Peso Climbs After Earthquake
The Chilean peso gained, cutting its losing streak, which it experienced for three weeks, on speculation that the government and insurers may start selling dollars, to pay for fixing the damage caused by the earthquake with a magnitude of 8.8 magnitude.
Chilean Peso Profits from Earthquake Damage
The Chilean peso declined today versus the euro as the global equities and the commodity prices dropped, feeling the impact of the banking troubles in Spain and the conflict on the Korean peninsula.
Chilean Peso Weakened by Turmoil on Global Markets
The Chilean peso weakened today against the euro as the industrial output and sales rose less than forecast and the mining production fell.
Chilean Peso Falls on Low Economic Activity
The Chilean peso rose today as the outlook for the exports of the raw materials improved after the US and China reported about the Chilean Peso Goes Up as Demand for Copper Increases
The Chilean peso dropped today most in twenty years after the central bank announced its intention to purchase $12 billion in the
Intervention Causes 20-Year Record Decline of Chilean Peso
Chilean Peso Rises with Inflation Expectations
The Chilean peso fell today as the economic data suggested that the US economy is slowing, therefore reducing demand from investors for
Chilean Peso Falls as US Economy Reduce Risk Appetite
The Great Britain pound fell today against the euro and fluctuated versus the dollar as the signs that the economy of the UK is weakening made the sterling less attractive to Forex traders.GBP Falls vs. EUR with Consumer Confidence & Retail Sales
The Great Britain pound weakened against the Japanese yen and slowed its advance versus the US dollar after the report showed the UK economy grew with slower pace in the second quarter.
Pound Goes Down as UK Economy Slows
The Great Britain pound fell during the previous week, but rose at the beginning of this week. Could it be a sign that the sterling is going to reverse its bearish trend? The currently available data shows that such case is unlikely.
Forecast: Fundamentals Aren’t Favorable for Pound
The Great Britain pound gained against the US dollar as bad US