Yen saw gains earlier as risk aversion set in, but now the yen is losing ground to some of its major counterparts. Yen is even down against the US dollar.
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Euro is dropping today, falling against its major counterparts as disappointing economic data, along with the political situation in Italy, weigh on the 17-nation currency.
UK pound is still benefiting from recent economic news that turned out better than expected, as well as from comments from the new BOE Governor that indicate that quantitative easing is non longer needed.
Concerns about what’s next for the US dollar are supporting the euro, and the 17-nation currency is also getting help from a resolution to issues in Italy and a vote of confidence from ECB President Mario Draghi.
Canadian dollar is falling today, dropping on concerns about the US government shutdown possibility, and on oil prices. There’s a lot weighing on the Canadian economy right now, and that is affecting the loonie for the worse.
US dollar is lower across the board today, following the latest economic data release. The economy continues to show solid improvement, and that should be encouraging a degree of risk appetite.
Euro is struggling today, especially against the US dollar, thanks in large part to the recent developments in the credit market, and due to more trouble in Italy.
Euro is pulling back today after reaching the 1.36 level against the US dollar. The 17-nation currency got a boost earlier, but has since settled back as more traders consider the situation.