Daily Forex News: Euro and Canadian Dollar is Heading Higher, Indian Rupee Falls as China Spurs Worries

Daily forex news from Eurozone, Euro is gaining today, heading higher as risk appetite makes an appearance. There haven't been many dramatic moves so far in trading, but the 17-nation currency is holding its own and logging gains

Another downgrades, The South African rand weakened today as Standard & Poor's reduced South Africa's credit rating, following the wave of strikes in the country's mining sector that may hurt the struggling African economy

Daily forex news from Ontario, Canadian dollar is gaining ground right now, thanks to economic data that is better than expected in the United States. Forex investors and Forex traders have been looking for signs that the global economic situation is improving, and the latest news is helping in that area.

Meanwhile, Rupee Falls as China Spurs Worries, The Indian rupee fell today, leading other Asian currencies in losses, as concerns about global economic growth reduced willingness of investors to buy riskier currencies of emerging economies