Posts published in January 2013

This week was very good for the euro even though the beginning of the week did not suggest such an end. The European Central Bank boosted the shared 17-nation currency as it said about…

The New Zealand dollar fell today even after China’s inflation grew more than expected, adding to the positive market sentiment. The currency dropped on speculations that the recent rally was overdone…

The Swiss franc rose against the US dollar today, following the euro. The Swissie dropped against the shared European currency itself for the second day as Switzerland’s consumer prices fell last month more…

Euro is still gaining ground against other majors today, heading higher as optimism remains from yesterday’s ECB announcement and Mario Draghi’s enthusiastic comments. Even though risk appetite…

Canadian dollar is slipping today after a rather spectacular performance yesterday. Focus has turned from the good economic data posted by China and the equity performance that followed, and turned to look…

The Japanese yen fell to the lowest level since June 2010 against the US dollar and to the lowest since May 2010 versus the Great Britain pound amid the positive market sentiment and on prospects of further…

The euro surged today after the European Central Bank left its monetary policy unchanged and President Mario Draghi said that Europe’s economy should start to recover this year. The shared…

The Brazilian real advanced today amid the positive sentiment created by the news from China and Europe, even as the data suggested that Brazil’s industrial output declined, spurring speculations that the central bank…

The South African rand dropped today as concerns about the worker strikes overshadowed the positive trading data from China. The news from China boosted commodity currencies, but the local problems did…

US dollar is dropping today, heading lower as risk appetite makes an appearance, and as gold rises, putting downward pressure on the greenback. For now, there is optimism, and that is helping currencies…