(eToro Blog) In a clear anti-austerity signal, French and Greek and voters – the “haves” and the “have nots,” weighing in from both ends of the E.U.’s economic spectrum – ousted their respective incumbent parties to signal their displeasure and anger with budget cuts, job losses and a diminished growth outlook.

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This week was good for the US dollar even though macroeconomic data made traders question whether economic recovery in the United States is stable enough. The greenback was higher against most major currencies, but fell versus the Japanese yen.

Europe was the main driver for the gains of the US currency. Spain’s recession, uncertainty caused by ele

The Australian dollar tumbled as the Reserve Bank of Australia revised its growth forecast for this year downwardly, spurring speculation that more interest rate cuts will follow.

The RBA forecast that nation’s gross domestic product will rise 3 percent, compared to the previous estimate of 3.5 percent. Inflation growth was revised from 3 percent t

The euro was falling today as elections in European countries this weekend and the next week add to uncertainty regarding the ability of the eurozone to withstand its financial crisis.

Greece is the country that was most damaged by the crisis and its parliamentary elections on May 6 are very important for the well-being of the euro. As Holger Schmi

The Great Britain pound gained against the euro today as Forex traders were nervous before the election in Greece and France this week. The currency fell against the US dollar despite the negative fundamental data from the United States.

The French will vote in the final round of the presidential elections on May 6, while Greeks will choose a new p

The Indian rupee fell today as unfavorable fundamentals reports from the United States caused speculations that the global economic recovery is faltering and damped demand for riskier currencies of Asian nations.

Yesterday, a report from Institute for Supply Management showed a worse-than-expected decline of the service industries in the USA. Toda

Canadian dollar is slipping today, after heading higher in earlier trading. Many currencies are fluctuating on the currency market today, thanks to the uncertainty in the markets right now. Earlier, the loonie had seen some gains as disappointing data in the United States dropped the greenback. Now, though uncertainty is weighing on the Canadian d