The Australian dollar was strong today as anticipation of stimulus from the US Federal Reserve overshadowed the sharp fall of Australian consumer sentiment this month. The Westpac Melbourne Institute Index of Consumer Sentiment…
The New Zealand dollar rallied today, reaching the strongest level in more than two years against the Japanese yen, on positive macroeconomic data and anticipation of stimulus from the US central bank. Today’s…
The Swiss franc dropped sharply against the euro today as UBS AG announced that it is going to apply charges for financial institutions holding cash accounts. The currency advanced for the second day…
Canadian dollar saw some small gains earlier today as the Federal Reserve prepared to begin a two-day meeting. However, the loonie has since slipped a bit, and is a little lower. The ultimate result,…
Euro is heading higher today, thanks to the latest economic news out of Germany. The ZEW beat expectations, and that is supporting the euro as Forex traders look to the future. The German ZEW economic…
The Great Britain pound was trading sideways and is currently showing an upside bias after the RICS house price balance unexpectedly worsened last month, but analysts thought that the housing…
The Australian dollar pulled back at the beginning of today’s trading session as business confidence in Australia worsened last month. The currency has regained its strength as of now and continues to move up. The business confidence…
The US dollar fell against most major currencies today as some of macroeconomic reports from China were good, buoying up investors’ confidence, and on speculations that the Federal Reserve may ease…
The Great Britain pound advanced today as speculations that Italian Prime Minister Mario Monti may leave his office led to increasing demand for the currency as a refuge. Surprisingly enough, the euro managed…
Japanese yen is slipping against high beta currencies, after logging gains earlier. With risk appetite making an appearance, the yen isn’t required as a safe haven right now. Japanese…