Forex Magazine

The euro declined today before results of talks between Greece and its creditors will be revealed. Traders are nervous as the outcome of the discussions is uncertain and they thought that keeping the euro is too risky.(...)Read the rest of Euro Drops as Talks Between Greece & Creditors Near to Conclusion (72 words) Posted on Forex News.

UK pound is gaining against a weaker euro today, heading higher as worries about Greek debt resume. Greek talks have been suspended for a short time, even though Greek PM Lucas Papademos said that some progress had been made recently. The pound, though, is down against the US dollar as risk aversion sets in. (...)Read the rest of UK Pound Gains against [...]

Japanese yen is heading higher today as concerns about Greece once again take center stage. While Greek Prime Minister Lucas Papademos insisted that some progress was made over the weekend, he also pointed out that there are still some conditions left. The unresolved situation is adding to the uncertainty that is prompting risk aversion today. (...)Read the rest of Japanese [...]

The Brazilian real dropped today as uncertainty about an outcome of the discussion about reduction of Greek debt made traders sell riskier currencies and stick to safer assets.(...)Read the rest of Brazil’s Real Down as Traders Await End of Greek Troubles (67 words) Posted on Forex News.

The US dollar had a mixed week as there was plenty of negative data from the United States, yet also there were positive indicators, especially employment figures. The greenback rose against the euro and the yen, but declined against higher-yielding currencies.(...)Read the rest of Good Employment Rescues Dollar After Week of Bad Data (164 words) Posted on Forex News.