Analysts expected a correction of the Australian dollar after the impressive rally a week ago. Instead, the Aussie was climbing to new records against the US dollar almost every day. The reason for the strength of the Australian…
The strong economic growth of the Asian countries spurred talks about future rate increases. These talks benefited the currencies of the region, including the Chinese yuan. China’s Manufacturing PMI rose from 52.2…
The Canadian dollar gained for the fifth consecutive session against its US peer, reaching the highest level in more than three years, as the employment in the US, the biggest trading partner of Canada, improved and crude…
The Great Britain pound fell today against the US dollar and the euro as the UK Purchasing Managers’ Index slid in March to the lowest level in five months. The seasonally adjusted Markit/CIPS UK Manufacturing PMI…
The US dollar gained against the euro today, ending the 4-day decline, as the US non-farm payrolls provided better-than-expected results. The forecast of a 191,000 increase of the payrolls was considered very optimistic, but reality…
The Japanese yen fell today for the fifth day versus the euro and the Great Britain pound, for the seventh day against the US dollar and declined against all other most-traded currencies today as economic recovery…