EUR/USD: Euro Advances as US Finally Avoids Falling Off Cliff

The Euro is believed to strengthen alongside the US dollar to begin the year on enhanced appetites for risk after the United States finally averted the fiscal cliff when the House of Representatives approved a bipartisan Senate deal earlier today. Meanwhile, preliminary economic reports from the Euro Zone for December are deemed to provide optimism that the economy is in for a slow yet steady recovery this year.

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EUR/USD: Greek Credit Rating Upgrade, German Ifo to Buoy the Euro

The Euro is believed to gain alongside the US dollar today after Standard & Poor’s raised Greece’s credit rating following its successful bond buyback program. Likewise, economic figures

AUD/USD: Safety Bets Rise as Fiscal Cliff Talks Stall

The US dollar is seen to shine as an apparent stalemate on talks over averting a fiscal cliff is deemed to incite risk-off trades today. As the White

USDCAD: Fiscal Cliff Hopes, Improved Q3 GDP Bring Sentiment on a High

The US dollar is up for some losses today versus the Canadian currency, as sentiment turns to optimism on account of upcoming economic data and on expectations that

USDCAD: Fiscal Cliff Concerns Derail Loonie’s Advances

Budget concerns in the world’s largest economy are projected to derail the recent advances of the Canadian dollar, and lead to losses against the safety bet US dollar.

USD/JPY: Agreement of Japan’s Democratic Party Saves the Yen

The Japanese yen won in yesterday’s trades by 11 pips versus the American dollar as US stocks fell caused by concerns about the federal budget debate. The USD/JPY