The US dollar gained this week as positive macroeconomic data from the United States increased the attractiveness of the currency, even as the risk sentiment turned positive. Hurricane Sandy sent markets in turmoil at the beginning…
US dollar is moving higher today, thanks to better than expected economic data, and concerns about what’s happening in the Europe. Greenback is hanging on to some of its earlier gains against…
The South African rand slumped today, following three sessions of gains, as signs of slowing economic growth of South Africa diminished the attractiveness of the currency even in the current risk-positive environment. The manufacturing Purchasing Managers’…
UK economic data is showing improvement, and that is helping push the pound higher against the euro. UK data is being contrasted with eurozone data, and the result is helping…
The Mexican peso advanced as favorable US employment data kept the Forex market in the risk-on mode, supporting demand for higher-yielding currencies of emerging economies. Yesterday, a report showed that US employment grew…
The Czech koruna remained firm even after the nation’s central bank cut its key two-week repo rate to the record low. The central bank predicted that the economy will contract this…
The Canadian dollar jumped today as positive macroeconomic reports from Canada’s neighbor, the United States of America, strengthened risk appetite on the Forex market, benefiting currencies related to commodities and economic growth. US…
Euro is heading higher today, gaining as improved economic data in the United States, as well as news out of China, helps high beta currencies. Euro is higher against currencies like…
US dollar is dropping today, thanks to the fact that economic news is showing some improvement. Greenback had inched higher a little earlier, but now risk appetite is…
Sweden was not the only country with declining manufacturing as countries all over Europe suffer from the crisis. Norway’s manufacturing also struggled, but the nation’s currency managed to hold ground,…