The Bank of England has, as expected by most analysts, decided to stay the course on interest rate policy and the current asset purchase program. The news has led to very little change on the Forex market, with…
The New Zealand dollar advanced yesterday and kept its gains today as optimism returned to the Forex market and stocks rallied on hopes for corporate earnings in the United States. The currency reached the highest level since…
The Japanese yen retreated today after the two-day rally on speculations that the government will convince the Bank of Japan to double the inflation target, adding to the pressure on the currency. BoJ Governor Masaaki Shirakawa said…
Euro is struggling today, thanks to a combination of light risk aversion and a weak German IP. The disappointments in economic data are weighing on the 17-nation currency a little bit, and resulting a bit of uncertainty, especially…
Earlier, the US dollar experienced a correction lower. Now, though, the greenback is finding support, and heading higher against its major counterparts. The gains aren’t huge, but they are there.…
The South African rand advanced today, before retreating a bit, as investors ramped up buying of the country’s bonds and on speculations that increasing demand for raw material will boost commodity currencies. The Johannesburg…
The Australian dollar rose today even amid fundamentals that were not supportive for the currency. Australian retail sales unexpectedly dipped, adding to speculations that another interest rate cut is…
The Japanese yen continued its rally as risk aversion returned to the Forex market and on speculations that the huge decline, which the currency has experienced by the end of the last year, was overdone. The yen has…
The Canadian dollar fell against its US peer after two sessions of rise and extended its drop versus the Japanese yen as crude oil and stocks retreated. The Canadian currency advanced versus…
The Hungarian forint fell today as nation’s industrial production declined, spurring speculations that the central bank will continue its policy of monetary easing. Industrial output fell 0.1 percent in November…