The Australian dollar ended this week with losses against some majors, including the US currency and the euro, as the negative fundamentals caused Australia’s central bank to cut its main interest rate.…
The Swiss franc dropped after Switzerland’s central bank reported that the nation’s foreign currency reserves decline last month. The Swiss National Bank reported that the foreign currency reserves declined…
The number of employed persons in Canada unexpectedly declined last month and the unemployment rate increased more than was anticipated, leading to the slump of the Canadian dollar. The forecast for the Canadian employment report weren’t optimistic…
Japanese leaders recently intervened in the Forex market in order to weaken the yen, which has been strengthening lately. However, efforts to keep the yen lower have been running into trouble as China…
US dollar is mixed in forex trading today as many currencies trade rangebound as the Forex market — and other markets — look for direction. Economic data is mixed today, and that…
The Australian dollar fluctuated today, heading for a first weekly loss against the US dollar since September, after the Reserve Bank of Australia cut its economic forecast, leading to the speculation that the central…
The euro rallied today for the third straight day on the speculation the employment growth in the USA slowed, supporting the case for the Federal Reserve to perform additional monetary easing. Analysts predict that the US non-farm payrolls…
The Russian ruble went higher against the US dollar as crude oil rallied after the positive developments in Europe reinvigorated markets and returned risk appetite to investors. Germany and France postponed the planned bailout…
The Canadian dollar rallied today as traders’ sentiment improved and risk appetite after Greek Prime Minister George Papandreou canceled the planned referendum about the austerity measures required to get the bailout. Europe…
The South African rand climbed today after the European Central Bank made an unexpected move by reducing its main interest rate. The first monetary policy meeting of the European Central Bank under…