Forex News, Analysis and Comments on Robots

Once again, it was relative growth and not risk appetite that dominated the flows in the forex market. With lackluster price action in the equities and bonds, risk was clearly not the focus. Even though there was no U.S. economic data on the calendar today, there were plenty of non-dollar centric events for currency traders to key off of. The euro, Australian and Canadian dollars strengthened against the greenback thanks to the rate hike in Australia and hawkish comments from Canadian policy makers. The euro stabilized as Greece prepares to announce another round of deficit cuts tomorrow. The British pound on the other hand fell for the tenth consecutive trading while the call for more Chinese Yuan revaluation by the IMF pushed the Yen higher against the dollar.