Latest Forex news

Crude Oil Advance Favors Norway's Krone

The krone rose today as Norway's chief export, the crude oil, reverted a negative trend that forced commodity linked currencies down during most of last week's trading session as concerns regarding Europe's rising budget deficit eased slightly today.

South African Rand Climbs on Commodities Rebound

After a bearish last week that forced emerging market currencies down versus refuge investments in the U.S. and Japan, risk appetite returned timidly today, allowing the South African rand to climb as commodities rebounded.

Canadian Dollar Ends Fall on Housing Starts, Oil

The Japanese yen continued its decline against the dollar and the euro for the second day today as the unpleasant economic conditions in Japan make their currency less attractive to the buyers.

Euro Suffers as Dubai Situation Worsens

The Canadian currency climbed from the lowest rate in 2010 versus its U.S. counterpart as a positive real state report combined with a slight recovery in the crude oil rates gave strength for the loonie to trade below $1.07 in this start of this week's session.

Dollar to Gain on Grim Global Outlook

The U.S. dollar profited last week from a wave of uncertainty that brought investors to opt for safer bets in foreign-exchange markets' and this trend might last for a longer period mainly versus European currencies as the economic outlook in the region is far from optimistic.

Crude Oil Tumbles Pushing Canadian Dollar Down

The Canadian dollar is extremely linked to the crude oil and equities markets performance, and after a day of rising risk aversion, the loonie declined as appeal for commodities and stocks dropped.

Mexican Peso Up as Stocks Hit Record High

The Mexican currency had a winning performance versus several important currencies as stocks rallied on speculations that the Latin American economy will recover faster than other emergent markets.

Yen Drops on Intervention Talks

The Japanese currency declined versus most of the 16 main traded currencies after speculations rose that Japanese officials are ready to intervene on the current yen's level, as it would be an obstacle for the Japanese economic recovery, decreasing competitiveness for the nation's exports.

Aussie Dollar Rocketing on Rates Hike

The Australian dollar rose versus most of the 16 main traded currencies as interest rates were once again raised in the country, making the Aussie currency one of the most attractive investment in foreign-exchange markets this year.

Brazilian Real Benefits From China's Manufacturing

The Brazilian real, together with most emergent markets currencies, climbed today, specially versus the greenback and the yen, as risk appetite returned to markets on renewed optimism.

Crude Oil Sets Canadian Dollar to Record High

The Canadian dollar touched the highest rate in 2 weeks after risk appetite returned to commodities and equities markets, forcing the main Canadian export, the crude oil, up, and consequently affecting positively the rates for the loonie mainly versus its U.S. counterpart that lost versus most of the majors today.

Dollar Weakens on Pending Home Sales, Dubai Rescue

The dollar had another day of negative performance versus the euro and most of high-yielding currencies this Tuesday as home sales in the U.S. improved and Dubai World's debts are likely to be rescue by the Abu Dhabi sovereign financial authority.

Pound Posts Weak Performance on Growth Outlook

The Pound reverted a winning trend in the beginning of the week to plunge and lose versus most of the majors towards Friday's session end, as stocks and commodities fell globally decreasing attractiveness for the U.K.'s currency, which is also facing a downgrade in its GDP forecasts figures.

Brazil's Real Down on Dubai World Debt

The Brazilian currency was one of the multiple affected by a Dubai debt payment delay, setting the emergent market real to the third consecutive losing week versus the greenback.

Ruble Declines as Russian Officials See Opportunity

After Dubai affirmed that it will delay its debt payments, emergent markets currencies like the Russian ruble rated among the most affected, but central bankers affirm that this decline will help exporters' competitiveness, treating the event with an odd optimism.

Yen's Rally Raises BOJ Concerns

After the yen touched a 14-year high this week versus the greenback as the Bank of Japan did not discussed the currency fluctuations, finally concerns emerged, as the current levels could be high enough to hurt the Japanese economy and its recovery process.

Dubai Debt Makes Another Victim: Canadian Dollar

The Canadian dollar, which gained sharply versus the greenback on the beginning of the week, plunged since yesterday as Dubai World, a government owned investment company is trying to delay its debts payments, bringing risk aversion to high levels in foreign-exchange markets.