The Canadian dollar fell today as the investors’ sentiment shifted to the risk aversion after the reports from the US, Europe and Canada itself signaled that the global recovery is faltering, decreasing the appeal of the growth-related…
The clash between the US and China over the freedom of the yuan’s movement continues. China indeed allowed its currency to appreciate but the US are obviously unpleased with pace of the appreciation and demand from…
The South African rand weakened today as the rand’s gains encouraged the central bank and the importers to take advantage of the stronger currency and buy the US dollars. The rand’s rally may hurt the country’s exports but…
The New Zealand dollar slumped today after the government reported that the nation’s economy expanded less than expected, damping the prospect for the interest rates hikes. The New Zealand gross domestic product…
The Norwegian krone jumped today to the highest level since April as the bets on the future interest hikes increased after Norway’s central bank expressed desire to increase the rates to the “more normal level”. The central…
The poor economic data continues to come from Canada as the report today showed that the Canadian retail sales unexpectedly decreased, signaling that Canada’s economic growth is losing momentum and driving…
The Swiss franc rose today to the highest level since March 2008 against the US dollar as the attractiveness of the currency as the safe haven increased after the Federal Reserve signaled it may restart buying…
The Great Britain pound slipped today versus the euro to the lowest level since May after the report showed that Britain budget deficit widened in August more than expected, increasing the possibility…
The US dollar extended its decline today against the euro and the Japanese yen after the Federal Reserve showed that it’s going to add further stimulus to support the failing US economy and at the same…
The Canadian dollar fell today after the consumer prices unexpectedly decreased, spurring the speculations that the central bank would stop the interest rates increases when its policy makers will meet…