Japanese officials are fretting about the strength of the Japanese yen again. Recent risk aversion is sending the yen higher against other majors today. Concerns about the eurozone are on the rise…
The Great Britain pound rose against the US dollar and trimmed its losses versus the euro and the Japanese yen today after Bank of England refrained from expanding its stimulating program. The BoE…
The Australian dollar rallied today as the positive macroeconomic data led to speculations that the Reserve Bank of Australia would leave its interest rates unchanged at the policy meeting next week. Australian retail…
The US dollar jumped today after the Federal Reserve decided, following the two-day policy meeting, to refrain from performing a new round of quantitative easing. The Fed was not very optimistic about…
Euro is fairly steady today, as the world waits for central bank decisions. While euro has slipped a little against the US dollar, it is still holding its own. Euro…
Central bank decisions are on the way this week, but that isn’t helping the UK pound much. Indeed, another dismal manufacturing report is dragging on the pound today. The UK recession…
The Indonesian rupiah fell today after the report showed that exports fell, leading to a bigger-than-expected trade balance deficit and declining attractiveness of the currency. Indonesia’s trade deficit was at $1.3 billion in June,…
The Chinese yuan fell today after the worse-than-expected manufacturing report. The uncertainty about the policy decisions of the Federal Reserve and the European Central Bank also made traders reluctant to buy risky currencies. The China…