currency market

Aussie Drops on Possible RBA Cut

Australian dollar in forex trading

Aussie is dropping today, heading lower as the Reserve Bank of Australia considers a rate cut.

Concerns about the Australian economy, and the possibility of monetary easing, are weighing on the Down Under currency in forex trading.

Euro Drops in Forex Trading

Currency trading news and information

Euro is dropping in forex trading on the currency market today, heading lower as a bit of uncertainty sets in.

Aussie Drops in Forex Trading

Australian dollar in currency trading

Aussie is down in forex trading on the currency market today, falling as concerns about what's next for the Australian economy weigh.

Mario Draghi's Comments Send Euro Lower in Forex Trading

Euro in forex trading

Comments from Mario Draghi, defending the ECB's bond buying program, are sending the euro lower today.

As Draghi defends stimulus measures ahead of tomorrow's ECB policy meeting, there is speculation that attempts to boost the eurozone economy will result in continued weakness.

US Dollar Drops against Japanese Yen

USD/JPY in forex trading

US dollar is dropping against the Japanese yen today in forex trading on the currency market. The latest jobs data is sending the dollar lower against its Asian counterpart.

Euro Gets Help in Forex Trading from Manufacturing Data

Euro in forex trading on the currency market

Euro is heading higher today, getting help from the latest manufacturing data out of the eurozone.

PMI shows that contraction wasn't as bad in May as it was in April. While the eurozone economy hasn't quite moved toward expansion yet, it is encouraging to many that the contraction isn't as bad as before.

Aussie Drops in Forex Trading

Australian dollar in currency trading

Aussie is dropping today in forex trading on the currency market. Concerns about global economic growth are weighing, as are lower commodity prices.

US Dollar Heads Lower as Forex Traders Reposition Themselves

Greenback in forex trading

US dollar is heading lower today, dropping as forex traders reposition themselves. There has been a great deal of apparent profit taking with the US dollar today, following Monday's gains.

Euro Drops on Signs of US Economic Recovery

Euro in forex trading

Even though bond yields in the eurozone have dropped for countries affected by the sovereign debt crisis, the euro is heading lower in forex trading on the currency market.

Euro Pares Losses in Forex Trading

Euro in forex trading

The German Ifo is helping the euro pare some of its earlier losses in forex trading on the currency market.

Risk aversion has been the story today, and earlier the US dollar had the upper hand. Greenback is still higher against the euro in forex trading, but the euro is gaining ground.

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