The Canadian dollar had a pretty bad week as talks about the European debt crisis plagued the Forex market, driving traders away from riskier commodity currencies.

Fears that Greece would exit the eurozone and that the crisis is spreading to Spain hammered the loonie, as the Canadian currency is usually nicknamed. Domestic fundamentals were actual

The Chilean peso rose even after Chile’s central bank refrained from increasing interest rates. Good prospects for the nation’s economy and possibility of an interest rate hike in the future may be responsible for the currency’s gains.

The Central Bank of Chile decided to maintain its main interest rate at 5 percent. Analysts had different view

The euro reached the lowest level in four months against the US dollar and the lowest in three months versus the Japanese yen today on fears that the European crisis is escalating. The currency was higher on the day though.

German Finance Minister Wolfgang Schaeuble said that the crisis may persist for another two years. Fitch Ratings downgraded

(eToro Blog) Over the past week, quite a few OpenBook traders and even a few gurus were caught on the wrong side of a trade or when the crisis in the Eurozone escalated well beyond investors’ comfort zone. The Euro trended lower and refused to retrace, much to traders’ collective chagrin. With the uncertainty of G

UK pound is being helped on two fronts today. General risk appetite, with the focus on the Facebook IPO, is helping the sterling against the US dollar. On the other hand, pound is higher against the euro, as concerns about what’s happening in the eurozone make the pound a preferred choice as a European safe haven currency.

Right now, pound is

US dollar is lower today as risk appetite makes an appearance in the markets. As commodity prices rise, and equities see a bit of a reprieve from recent troubles, the greenback is pulling back. Concerns about Europe remain, but they are being trumped by other news — especially the imminent Facebook IPO.

In less than hour, the Facebook IPO will be

(eToro Blog) The debate and speculation is finally over and all that’s left now is the shouting. Late yesterday, Facebook executives announced that it would price its 421.2 million shares of stock at $38.00 per share, the high end of the anticipated range. At that price, Facebook shares would trade at better than