The Japanese yen advanced today after the Bank of Japan refrained from stimulating the nation’s economy and left its monetary policy unchanged. Earlier, the currency weakened as the Asian stocks rallied, reducing demand…
The Australian dollar gained against its New Zealand peer as employment data in Australia was better than expected, while employment in New Zealand disappointed Forex market participants who expected…
The New Zealand dollar weakened today after the bad employment data showed that optimistic expectations of analysts were totally unwarranted. The negative report sapped strength from the currency that was…
The Great Britain pound erased its earlier losses today after Bank of England Governor Mervyn King signaled that the central bank may refrain from lowering interest rates even…
The Australian dollar erased the losses versus its US counterpart and gained against the euro after the report showed that the number of home loans in Australia rose in June, giving another evidence that…
Japanese yen is gaining today, heading higher as Forex traders show caution. Concerns about what’s next for the eurozone are once again front and center in the markets. Yen is gaining…
After three days of rallying, the euro is slipping as traders await moves from the ECB to support the 17-nation currency. Last week, Mario Draghi indicated that the ECB is ready to take…
The Turkish lira ticked down today as the negative macroeconomic data from Turkey deterred Forex traders from buying the currency. The Turkish economy looks weak and that does not help the lira.…
The Canadian dollar rallied yesterday and kept its gains today as the attractiveness of the currency was backed up by the good economic data from Canada and the positive sentiment on the Forex market. Traders felt optimistic…
The Norwegian krone advanced today after the set of good macroeconomic reports from the country added to the attractiveness of the currency. The attractiveness that was boosted further by the positive sentiment on the Forex market. Norwegian factory…