• currencies

    Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    USD traded higher against the majors as concerns US budget negotiations will not land an agreement by the New Year. EUR weakened against the USD as fiscal cliff concerns had risk averse investors fleeing to safer assets. Commodity currencies dropped significantly as gold prices edged higher and riskier assets took dipped lower.
  • Daily Summary on USD, EUR, GBP, JPY, AUD, CAD and NZD

    v Threat of European downgrade remains and Fitch Rating cuts of five major banks; v European credit ratings may be cut as soon as Friday, signaled by the shift in the bond market; v Commodity Currencies are stronger this morning as risk appetite returned to the market after global equities rallied.
  • Daily Forex Summary on USD, Euro, GBP, JPY, AUD, CAD and NZD

    The US Dollar slid from its recent rally and extending losses against all major currencies, with the exception of the JPY, as major central banks around the world cooperate to offer three-month U.S. dollar loans to commercial banks in order to prevent money markets from freezing up due to Europe's sovereign debt crisis.