The Japanese yen advanced against other majors today even as the Bank of Japan has started its two-day policy meeting, which is likely to result in additional monetary easing. The BoJ will…
Posts published in January 2013
GBP/USD Rises from Lowest Since November, GBP/JPY Drops
The Great Britain pound rose against the US dollar today for the first time in seven sessions as house prices advanced this month. The currency extended its drop versus the Japanese yen for the second…
Another Bad Week for Yen Ahead of Policy Decision
The Japanese yen continued its downfall this week as most market participants are certain that the Bank of Japan will ease its monetary policy further next week. The short bounce…
Pound Drops as Retail Sales Confirm Weakness of UK Economy
The Great Britain pound after the data showed that retail sales dropped last month, unpleasantly surprising market analysts and confirming the weakness of Britain’s economy. The currency fell to the lowest closing price…
Loonie Does Not Manage to Erase Losses Before Close
The Canadian dollar fell amid concerns that global economic growth may not be enough to support demand for commodities and commodity-related currencies. The loonie attempted to rally before the end of the session, but…
Euro Gives Back Some of Its Gains
Euro is giving back some of its earlier gains today. Over the past few sessions, euro has seen some solid gains. However, as growth concerns about the eurozone assert…
Risk Aversion Rises, Sending US Dollar Higher
US dollar is heading higher today, thanks to risk aversion in the markets. Disappointing economic news and continued worries about what’s next for the global economy continue to weigh on risk assets. Forex…
Malaysian Ringgit Gets Boost from Global Growth
The Malaysian ringgit strengthened today as investors felt optimistic about the global economy amid signs that growth is picking up and the worse has already passed. Other Asian currency also…
NZD/USD Falls with Lower CPI
The New Zealand dollar dropped against its US counterpart today as consumer prices unexpectedly fell last quarter in New Zealand, adding incentive for the central bank to keep borrowing costs low.…
Anticipation of Intervention Continues to Drive Yen Down
The Japanese yen continued to weaken today on speculations about an intervention from the central bank and as the risk-on sentiment on the Forex market drove traders to currencies with higher yield. The Bank of Japan policy meeting…