The Swiss franc advanced today even as Swiss politicians said that the currency is still strong and should be weakened further. It looks like even the recent drop of the Swissie was…
Posts published in January 2013
Sterling Weak as Britain’s House Prices Stall
The Great Britain pound dropped today after a report showed that house prices did not grow this month after falling in the previous months. The data added to the previous signs of economic…
Yen Tumbles amid Persistent Deflation
The Japanese yen extended its tumble today, reaching the lowest level since June 2010 against the US dollar and the lowest since April 2011 versus the euro, as persistent deflation spurred talks…
AUD Gains on JPY, Drops vs. USD & EUR
The Australian dollar rose against the Japanese yen today as Japan showed willingness to continue pushing its currency down. At the same time, the Aussie fell against the US dollar and the euro on concerns that…
Canadian Dollar Falls Back on CPI Report
Canadian dollar is struggling today, even though other high beta currencies are doing well. One of the issues right now is the latest CPI data coming out of Canada.…
Euro Gets Help from Improved Global Economic Outlook
Euro is getting help today from an improved global economic outlook. With the world economy looking a little better, with help from the latest news out of the United States as well…
Pound Drops as UK Economy Contracts
The Great Britain pound fell today, retreating against the US dollar, reaching the lowest level since December 2011 against the euro and trimming its gains versus the Japanese yen after the report…
Ringgit Falls on Concern over Currency War
The Malaysian ringgit fell along with other Asian currencies today amid worries that the intervention of Japan to weaken the yen will intensify the “currency war” as other nations may also attempt…
AUD Gains on JPY, Retreats vs. USD & EUR
The Australian dollar rose against the Japanese yen for the first time after fourth straight sessions of decline as growth of China’s manufacturing increased the appeal of the Aussie. At the same time, the currency slumped against the US…
GBP Drops vs. USD & EUR Ahead of GDP Report
The Great Britain pound dropped against the US dollar to lowest level since August and to the low not seen since February against the euro on concerns that tomorrow’s report will show that…