The Canadian dollar climbed against its US counterpart yesterday and extended the rally today on signs of the global economic recovery. The currency also advanced versus the euro, though retreated a little today, while against the Japanese yen Canada’s dollar was falling.

The positive outlook for the global economy, which has appeared on the Forex

PIMCO’s CEO and co-CIO Mohamed El-Erian has sounded bells on what he believes are fundamental compromises that could thwart progress on the continued world crisis. In an article appearing on Project-Syndicate.org, Dr. El-Erian refers to two areas where the United States and Europe may be colluding to “second best” sol

UK pound is paring earlier losses against the US dollar right now, thanks to positive data in the United States, and a return to some level of risk appetite. Manufacturing improved more than expected, and US stocks are gaining right now, lending support to the sterling.

While UK pound is still down on the day, better news in the United States is he

The South Korean won climbed today as trade balance of South Korea posted a surplus and Moody’s Investors Service improved outlook for the nation’s economy to positive.

Moody’s changed Korea’s government bond rating to positive from stable. The rating agency cited reasons for its decision:

1. The sovereign’s very strong and improving fiscal fun

Euro is lower today, dropping as speculation arises regarding the eurozone economy, and the possibility of recession. Manufacturing in the 17-nation currency zone has contracted for the eighth month in a row, and unemployment is at a level not seen for 14 years.

Economists and analysts are speculating that the eurozone has slipped into

The Chinese yuan gained today as a government report showed that China’s manufacturing is expanding, reducing concerns about the slowdown in the Asian nation and leading to the speculation that the nation’s policy makers will allow the currency to appreciate.

The government data showed that China’s manufacturing Purchasing Managers’ Index rose from

(eToro Blog) The Italian government has been on the offensive, attempting in recent days to instill new interest in Italy as an investment opportunity. The Prime Minister, Mario Monti, has been on an official visit to China where he has espoused the country’s efforts to rein in debt through new legislation and t