The South African rand was weaker today as analysts speculated that the nation’s central bank will keep interest rates unchanged at today’s monetary policy meeting. The rand rebounded currently. Most…
The Australian dollar dropped today after the report showed an unexpected decline of employment, making traders speculate about a possible interest rate cut by the Australian central bank. Market participants expected an increase…
The New Zealand dollar retreated today as virtually all macroeconomic reports from New Zealand were negative this week, making the currency less attractive for Forex traders. The New Zealand Institute…
The Japanese yen rose against the dollar, but fell versus the euro today as sentiment about the situation in Europe improved after Spain and Greece successfully auctioned their debt, reducing demand for safer…
The Australian dollar climbed as today’s report showed that confidence of Australian consumers rose and tomorrow’s data about employment is expect to demonstrate an improvement. The euro managed to outperform the currency of Australia. The Westpac…
US dollar is falling today, thanks to upbeat news out of China and Europe. With risk appetite on the rise, there is little demand for the safety and stability of the US dollar. Forex traders…
The Mexican peso reached today the highest level in more than a month as Forex market participants ignored rating downgrades by Standard & Poor’s, supporting demand for currencies of emerging economies. S&P performed…
The Brazilian real climbed today after a report about slowing economic growth in China lead to speculation that the Asian nation will stimulate its economy, increasing attractiveness of commodity currencies. China’s…
Euro is gaining in Forex trading today, with a measure of optimism returning as Greek and Spanish borrowing costs drop. Also helping the euro is the good news coming out of Germany, with…
Canadian dollar is gaining today, drawing strength from rising commodities. Canada is especially seeing some support from rising oil prices. With oil supply in question, prices…