The Canadian dollar rose today for the second trading session after the huge drop against the US dollar and the euro that has started in the middle of this month. The bounce was supported by favorable fundamentals,…
Posts published in January 2013
EUR/USD Reaches Highest Rate Since 2011
The euro rose today, erasing its previous losses versus the Japanese yen and touching the highest level since December 2011 against the US dollar, as the sentiment of German consumers was stable this…
US Dollar Drops as Consumer Confidence Falls
US dollar is broadly lower today, losing ground today as the macroeconomic picture internationally is at odds with the latest economic data out of the United States. The macroeconomic picture continues to be…
UK Pound Finds Respite for Now
UK pound has found some respite from its downward spiral — at least for now. Pound is higher against many of its major counterparts right now as Forex traders take…
AUD Rises vs. USD, Drops vs. JPY amid Mixed Fundamentals
The fundamental data was mixed for the Australian dollar today. As a reflection of that, the currency rose against its US peer, but dropped against the Japanese yen. The Conference Board reported that the Australian…
NZ Dollar Climbs as Trade Deficit Turns to Surplus
The New Zealand dollar climbed today after New Zealand’s trade balance made a very pleasant surprise for market participants, unexpectedly turning from deficit to surplus last month. The currency retreated…
CAD/JPY Drops as Moody’s Downgrades Canadian Banks, Rebounds
The Canadian dollar fell against the Japanese yen today after Moody’s Investor Service cut credit ratings of several Canadian banks. Later, the loonie erased losses. The currency gained versus the US…
Yen Rebounds After Huge Drop
The Japanese yen rose today, advancing for the second session and rebounding from the lowest level since 2010 against the US dollar, on speculations that the recent drop was excessive and on hopes for improvement of the Japanese…
Euro Lower on Profit Taking
Euro is a little lower today against the US dollar, thanks in large part to a round of profit taking from Forex traders anxious to lock in gains seen last week during the 17-nation…
US Dollar Gains on Euro Profit Taking and Pound Weakness
US dollar is gaining today as a number of factors combine to support the greenback. Euro is seeing some profit taking, and the pound is showing weakness. On top of that, there are some…