The currency market favors the euroThe euro appears to have found significant strength in forex trading on the currency market recently. After falling to a dollar rally over a couple of months, the euro appears to be back — and hoping to challenge $1.45 again soon.
The currency market is favoring the euro against both the […]

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Political pressure likely to prevent Japanese yen depreciationFor a few weeks now, the Japanese have been fretting about how quickly the yen has been rising in forex trading on the currency market. The yen has been appreciating against every other major currency as risk appetite declines and the carry trade unwinds.
Indeed, current conditions make it […]

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Currency trading with the greenbackThe U.S. dollar is mixed in forex trading on the currency market today as year-end consolidation sets in and post-holiday trading remains somewhat thin.
Stability is the name of the game in currency trading today, and the greenback is no exception. The only place that economic data is being released today is […]

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Slowing inflation sends yen lower in currency tradingThere has been some concern in recent weeks about whether or not the Japanese government is willing to directly intervene in the FX market in order to force the yen to depreciate.
Now, however, it appears that economic forces may do that work for the Japanese government. Inflation […]

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Loonie down in forex tradingThe Canadian dollar continues to struggle in FX trading on the currency market this morning. Like other currencies, though, the loonie remains mostly rangebound in forex trading today, consolidating.
However, economic conditions have been weighing heavily on the Canadian dollar recently, and that is leading to lower performance. Financial markets in Canada […]

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In thin trading, euro looks to trade one-to-one with sterlingTrading is thin today ahead of the Christmas holiday. However, with the fundamentals still in place, some movement is being made. The British economy is still weighing rather heavily on the sterling in currency trading, and this is providing an advantage to the euro.
In fact, many […]

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Some of the currency market stories todayRight now, the biggest forex news is that risk appetite is out. Hardly anyone wants to take a risk today, ahead of the Christmas holiday. As a result, consolidation is the name of the game today. Here are some other quick tidbits of what is happening on the currency […]

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Loonie looking for direction in currency tradingThe Canadian dollar is rangebound right now against the U.S. dollar in forex trading. The loonie is awaiting direction in currency trading ahead of the Christmas holiday.
Two factors that are likely to contribute to the Canadian dollar performance on the FX market include:

Commodity prices.
U.S. economic data.

Commodities are important to […]

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U.S. economic fundamentals weigh on greenbackEven though there is hope that the U.S. dollar will gain against the euro in forex trading, there are some doubts when one looks at the economic fundamentals — at least short-term.
Right now, the news that the GDP is sinking does not bode well for the U.S. dollar against the […]

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