US dollar index is gaining today, heading higher as a combination of risk aversion and better news in the United States help boost the greenback. Worries about the eurozone are sending Forex traders to safe havens, while the better news in the United States is helping cement some of the gains.

US dollar is heading higher today against major

The Mexican peso declined today for the second day as the negative impact of concerns about the eurozone, caused by the Spanish debt auction, overshadowed the positive effect of improving employment in the United States.

Spain sold €2.6 billion of bonds today. That’s barely above the minimum target. The borrowing costs climbed, while earlier Spain

As concerns about the Spanish debt situation continue, and as worries about what’s next for the eurozone resurface, the euro is heading lower. The 17-nation currency is struggling against other major currencies today.

One of the biggest worries right now is that Spain will not be able to stick to its austerity budget, meeting its targets. Due to 

The Swiss franc broke thorough the cap against euro for the first time it was introduced half a year ago. The currency fell against the US dollar for the fourth consecutive trading session.

The franc rose past the ceiling of 1.20 versus the euro for the first time the Swiss National Bank introduced it in September last year. It was no surprise

(eToro Blog) The week in review culminated with the crash of the EUR/USD pair, which lost more than 130 pips yesterday before recovering. That was precipitated by the ECB’s rate decision and ECB chief Mario Draghi’s press conference afterward wherein he said that the central bank was closely monitoring inf

(eToro Blog) In line with expectations, the Bank of England left its benchmark rate unchanged at 0.5%, and the asset purchasing program at the current level. While the minutes won’t be released until later this month, most analysts agree that the status quo was left unchanged as data points trickle in which s

The Australian dollar rose today on the speculation that labor market in the United States continue to improve. The currency was falling this week on the forecast that the Reserve Bank of Australia may perform quantitative easing.

Yesterday, the employment report from Automatic Data Processing showed that US employment continued to grow with