The Japanese yen remained weak today on speculations that the coming elections will bring new leadership for Japan, resulting in additional stimulating measures from the nation’s central bank. Japanese Prime Minister…
The Chinese yuan weakened today as the nation’s central bank set its reference rate lower. Speculators were less willing to buy the currency as the change of China’s leadership makes the future currency policy…
UK pound is struggling with the release of the latest data, but it is still maintaining the upper hand against the US dollar, which is falling as concerns about continued easing…
The South African rand weakened today as strikes continue to plague the country, now in the agricultural sector, spooking investors away from South African assets. Protests in the grape-growing Western Cape province, which…
US dollar is lower for now, even though there appears to be a lot of data that is likely to weigh on high beta currencies and turn the situation around. For now, the greenback is…
The Japanese yen dropped yesterday and maintained its losses today on speculation that the likely victory of the opposition party in the coming elections will lead to further interventions from policy makers in order to support…
The euro unexpectedly jumped today even as fundamentals in Europe were not supportive for the currency. The likely cause for the rally was the release of the Federal Reserve minutes that showed probability of additional quantitative easing.…
The New Zealand dollar fell against other majors today, including its Australian counterpart, after data showed a drop of New Zealand retail sales. At the same time, Australian consumer confidence…
The South African rand sank today on concerns that current account deficit widened after worker strikes have led to disruption of mining. Mining is an important part of South Africa’s economy…
Loonie is getting a bit of a boost today, thanks to better news. However, the gains are relatively small, and may not last, since pessimism is once again coming in to replace cautious…