South Korean won climbed today, along with other Asian currencies, as signs of the economic growth in China and the United States improved outlook for exports of the Asian nation.

The signs of economic growth caused speculation that demand for exports from South Korea would grow. The nation’s economy definitely needs help as inflation slowed below

A degree of risk aversion is afflicting financial markets today, and that is resulting in a higher Japanese yen. Yen is gaining against its high beta counterparts the euro and the UK pound, while falling against the US dollar. Concerns about the eurozone are, once again, taking precedence in global financial markets.

Japanese yen is heading higher

(eToro Blog) After a morning replete with dismal labor and manufacturing data from the Eurozone, it looks as though Wall Street won’t be able to sustain yesterday’s rally which gave investors the largest single day’s gain in more than four years. At the closing bell on Tuesday, even in subdued trading given the hol

The Malaysian ringgit gained today as yesterday’s data that showed an expansion of manufacturing in the United States and China increased attractiveness of higher yielding Asian currencies.

Yesterday’s gains of China’s & US PMI made sentiment of Forex traders more optimistic and the market retained that optimism today. The MSCI Asia-Pacific

(eToro Blog) The release of April PMI data began early this morning, and the first from China offered some signs of improvement that surely gave rise to hope for a similar pattern in the Euro area’s growth, but it was not in the cards. Nor was an improvement in the Euro area’s employment situation.

The German

The Canadian dollar climbed today after a report showed that the US manufacturing sectors was expanding last month with faster pace than was anticipated by analysts, bolstering positive market sentiment.

Institute for Supply Management reported that the US manufacturing Purchasing Managers’ Index was up from 53.4 in March to 54.8 in April. China’s

US dollar is moving higher today, gaining now, even as it lost some ground earlier. It’s true that US dollar has been somewhat flat today against other majors, but it was falling against the euro at one point. Now, though, the greenback has the upper hand again as uncertainty takes center stage and Forex traders begin looking for a little safety.

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