The Chinese yuan gained today, before retreating below opening level, after the central bank set the reference rate higher and the head of China said that the government will take measures to boost economic growth of the country.

Chinese Premier Wen Jiabao said that he would give “more priority to maintaining growth” to support the economy that is

Once again, the euro is struggling in Forex trading. It isn’t much of a surprise, really, since the eurozone is still operating in debt crisis mode. Since last week, not much has changed. Greece is still on the verge of withdrawal from the 17-nation currency region, and Spain and Italy continue to teeter on the edge of their own full-blown crises.

US dollar index is starting out another week stronger, thanks in large part to difficulties plaguing the eurozone. While the Facebook IPO last week distracted Forex traders and investors from the crisis in the eurozone for a short period of time, focus is back on Europe, and what’s happening (or not happening).

Concerns about the eurozone continue

(eToro Blog) After the first (nearly) full day of Facebook stock trading, it may have only been $0.23 higher at the closing bell, but at least it didn’t close down. With all the hoopla and build up ahead of Facebook’s IPO launch last Friday, there was a great deal of anticipation and hope that Facebook’s attra

(eToro Blog) The last week was a difficult one for my investors with the uncertainty in the Eurozone rising to new heights as the Greek government appears ready to take their anti-austerity platform to the next level. Despite the assertions of the G8 member that they would do all within their respective and

(eToro Blog) The last week was a difficult one for my investors with the uncertainty in the Eurozone rising to new heights as the Greek government appears ready to take their anti-austerity platform to the next level. Despite the assertions of the G8 member that they would do all within their respective and

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