Loonie Heads Lower After Good Trading Session
The Canadian dollar retreated today following yesterday’s gains as poor macroeconomic data from the United States and China drove commodity prices lower. The rally on the previous trading session was...
View ArticleGood Economic Indicators Result in Rally of CAD
The Canadian dollar rallied yesterday as positive macroeconomic reports made investors willing to risk and buy assets associated with higher yield. The currency maintains the gains today so...
View ArticleLosses of Aussie Ahead of Weekend
The Australian dollar ended Friday with losses as US economic growth disappointed Forex market participants, spoiling their mood and reducing their willingness to buy higher-yielding...
View ArticleAussie Suffers as RBA Lowers Inflation Outlook
The Australian dollar dropped today, touching the lowest level since June versus its US counterpart, as the Reserve Bank of Australia lowered its inflation outlook, reigniting talks about possible...
View ArticleWill Dollar’s Rally Continue? It May
The US dollar has rallied last week and the rally was strong. Will the advance continue this week? Most analysts believe it will, but there may be obstacles for the currency.(...)Read the rest of Will...
View ArticleCanadian Dollar Maintains Decline amid Concerns for Economic Growth
The Canadian dollar demonstrated a big drop against its US counterpart yesterday and continued to fall today on concerns that Canada’s economic growth will trail that of the United States. The currency...
View ArticleCanadian Dollar Stronger After Carney’s Last BoC Meeting
The Canadian dollar jumped today against its US counterpart and trimmed losses versus the euro after the policy meeting of the Canadian central bank. At the same time, the currency declined against the...
View ArticleYen Profits from Signs of Global Slowdown
The Japanese yen climbed today against most major currencies as signs of global economic slowdown made investors seek safety, sending stocks and commodities down together with currencies related to...
View ArticleNZD Rises vs. USD as Current-Account Deficit Narrows
The New Zealand dollar rose against its US counterpart, but fell versus the Japanese yen today after data showed that the nation’s current-account deficit narrowed last quarter. The moves were not big...
View ArticlePound Maintains Gains vs. Euro & Yen, Stays Soft vs. Dollar
The Great Britain pound rallied versus the euro and the Japanese yen yesterday and maintained gains today as the construction sector expanded last month. The currency remained weak versus the US...
View ArticleYuan Gains as Chinese Officials Promise Growth Will Not Slow
The Chinese yuan rallied today as officials’ comments about economic growth improved the traders’ sentiment and attracted them to nation’s assets.(...)Read the rest of Yuan Gains as Chinese Officials...
View ArticleDollar Heads to Monthly Loss as Fed Meets
The dollar gained today, but was heading to monthly loss as speculations that the Federal Reserve will keep its monetary stimulus hurt the currency.(...)Read the rest of Dollar Heads to Monthly Loss as...
View ArticleCAD Lower vs. USD & EUR as Oil Falls, Higher vs. JPY
The Canadian dollar fell today against its US peer and the euro as crude oil prices went down. At the same time, the currency managed to rise against the Japanese yen on speculations that Canadian...
View ArticleCAD Soft as Traders Nervously Wait for Fed Statement
The Canadian dollar was soft ahead of the US Federal Reserve policy meeting. Traders speculated that the Fed may give hints about details of quantitative easing tampering.(...)Read the rest of CAD Soft...
View ArticleFranc Drops as Traders Feel No Need for Safe Haven
The Swiss franc was falling for the whole week and continued to do so today as sings of growth in the countries of the European Union reduced the demand for the currency as a safe haven.(...)Read the...
View ArticleCBI Raises Growth Forecast of UK, Benefiting Pound
The Great Britain pound strengthened today as Confederation of British Industry raised its forecast of UK economic growth, reinforcing the positive outlook for Britain’s economy and increasing...
View ArticleRBA Releases Dovish Minutes, Aussie Down
The Australian dollar dropped today after the Reserve Bank of Australia released the minutes of its last policy meeting. The central bank was more dovish than it looked previously and hinted that...
View ArticleSigns of US Growth Propel Dollar Higher
The US dollar jumped as signs of economic growth in the United States fueled speculations about possible quantitative easing tampering by the Federal Reserve in September.(...)Read the rest of Signs of...
View ArticleMexican Peso Firm Even as Central Bank Performs Surprising Rate Cut
The Mexican peso was firm today even after the central bank unexpectedly cut its main interest rate and voiced concerns about domestic economic growth. The currency gained against other majors,...
View ArticlePound Remains Strong After BoE Minutes & Fed Announcement
The Great Britain pound generally remained strong after the hawkish policy minutes of Britain’s central bank and the Federal Reserve announcement, though retreated somewhat against the euro.(...)Read...
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