Personal Finance Buzz

The euro is dropping today — a rapid drop against the US dollar. Euro is losing ground on concerns about what’s next for the eurozone, but there are also concerns about how China’s slowing growth, as well as the lack of growth in reserves, are affecting the 17-nation currency.

UK pound is being helped on two fronts today. General risk appetite, with the focus on the Facebook IPO, is helping the sterling against the US dollar. On the other hand, pound is higher against the euro, as concerns about what’s happening in the eurozone make the pound a preferred choice as a European safe haven currency.

US dollar is heading lower today, thanks to a solid injection of risk appetite to the currency markets. All the news seems to be good, and that means that high beta currencies are in demand while the US dollar softens.

Canadian dollar received a boost earlier, but the good news has since faded. A short-lived risk rally helped the loonie higher, but now concerns over what’s next for Europe have sent the currency down against the US dollar as uncertainty sets in and increases the demand for safe haven.

US dollar is retaining the upper hand in trading today, as uncertainty remains. Concerns about the eurozone remain, even after the announcement of the Spanish bailout. While US dollar has pared some of its gains, it is still retaining a lot of its strength, especially against the European currencies.

US dollar is mixed against major European currencies today as good news out of the United States contrasts with continued uncertainty out of the eurozone. Concerns about what’s next for Europe are weighing on the euro, while a general feeling of risk appetite is helping the pound.

US dollar is headed lower, thanks to the return of risk appetite. The news that the ECB will not cut interest rates is helping the euro against the greenback. General risk appetite means that Forex traders aren’t looking for safe haven, and that the US dollar is likely to remain lower for a while.

US dollar was higher against the euro earlier, thanks in large part to concerns over Spanish debt. However, some of those fears have been allayed with the latest news out of Germany. Against other currencies, US dollar is a bit lower thanks to the risk appetite that is boosting equities around the world.

Euro is struggling once again, trying to gain the upper hand against the US dollar, as continued concerns about the eurozone crop up.