US dollar is pulling back today, thanks in large part to the appearance of risk appetite in the financial markets. Risk appetite has been building since the end of last week, and the greenback is…
UK pound is getting a bit of a boost today, thanks to the latest industrial production data. There was a decline, true, but the decline in production for June was less than expected. The news,…
The South Korean won appreciated today as new hope emerged for the eurozone and traders felt confident enough to seek currencies with higher yield. It looks like Germany yielded to the pressure from…
The Australian dollar advanced today as the Reserve Bank of Australia left its key cash rate unchanged. Such decision was expected by market participants, but was welcomed nevertheless as it means…
The Japanese yen rallied yesterday and retained its strength today ahead of the Bank of Japan’s policy meeting later this week. Risk appetite ruled the Forex market, but that did not…
The euro was stronger at the beginning of todayâs session, boosted by the optimism that persisted from the last week, but trimmed its gains and fell against some major currencies later after Italian…
The Australian dollar pared its losses versus the US dollar and the euro on speculations that the Reserve Bank of Australia would refrain from cutting the interest rates further. The Aussie traded near the four-month…
US dollar is looking at gains against high beta majors today, after seeing some weakness earlier. Some of the gains are being pared a little bit, but even with…
The Russian ruble climbed today as prices for Urals oil rose and Russia’s borrowing costs fell. Trades retained their confidence from Friday and that helped riskier currencies, including the ruble. Futures…
UK pound is lower today, dropping to a one-month low against the euro and pulling back against the US dollar as the latest housing data disappoints. Pound is on the defensive in trading as the housing market…