The Swiss franc dropped against the US dollar today and slumped versus the euro for the fifth consecutive trading session on speculations that Switzerland’s central bank may implement negative interest rates. The Swiss…
The Canadian dollar gained versus its US counterpart and trimmed the losses against the euro and the Japanese yen today after the Bank of Canada left its target overnight rate stable and continued to speak…
The Great Britain pound erased its earlier gains versus the US dollar and fell against the euro and the Japanese yen today on poor fundamental data and lack of demand for the safety of the currency. Earlier, the sterling…
Canadian dollar is getting a boost today, rising as Forex traders await the next interest rate announcement from the Bank of Canada. The Bank of Canada is expected to leave its key benchmark…
Forex traders and investors are seeking alpha right now, and that means that the US dollar is headed lower. With risk appetite making an appearance, high beta currencies are…
The euro climbed against the US dollar today on optimism for the Greek bond-buyback program and the macroeconomic data, which was better than expected. At the same time, the shared 17-nation currency fell versus the Japanese…
The Australian dollar jumped against its US peer and the Japanese yen today after the Reserve Bank of Australia decided to cut its main cash rate to boost economic growth. The RBA slashed…
The Great Britain pound advanced today as the manufacturing data was better than expected, adding to evidence that the UK economy is able to recover from the recession. Yet market analysts believe…
Euro is heading higher today, getting a little help from general risk appetite, as well as from the latest comments made by German Chancellor Angela Merkel about possibilities for Greece going…
Japanese yen is heading mostly lower today as short positions surge. Right now, expectations are that the yen will tumble in value, and Forex traders are shorting the currency as a result.…