The US dollar was falling yesterday, but bounced today on speculations that the Federal Reserve will continue cutting monetary stimulus. The greenback rallied against the Japanese yen for the second session on prospects…
The Canadian dollar advanced yesterday after data showed that the nation’s economy grew in October faster than was expected. The currency retreated versus the US dollar and the euro today, but retained…
The Thai baht fell today as the prolonged political unrest makes the currency very unappealing to investors, who do not like uncertainty and risks associated with social turmoil. Protests in Thailand persist…
The Brazilian real rose today on speculations that the central bank will support the currency after the recent decline that followed the US Federal Reserve’s policy announcement. The real fell last week,…
UK pound is getting a boost today, thanks in large part to optimism related to the economy. Many investors expect to see economic improvement for 2014, built on the improvements seen in 2013. As a result, sterling…
The major event on the Forex market this week was undoubtedly quantitative easing tapering by the Federal Reserve. The dollar rallied after the Fed announcement, but quite a few major currencies were surprisingly…
Economic news from the United Kingdom was rather poor today, making the Great Britain pound fall for the second session, hurting optimism about recovery in the country. The GfK Consumer Confidence index…
The Turkish lira depreciated today after the corruption scandal in the Middle Eastern country made overseas investors reluctant to bring money into the country. The government dismissed 14 police chiefs after several…
The European Union experienced a downgrade in its credit rating earlier today. Along with that news, and following on the heels of expectations for a stronger dollar on Fed tapering, it’s little surprise that the euro…
Yen weakness continues today, thanks in large part to the latest decision from the Bank of Japan. Also affecting the yen’s performance is the fact that there’s a lot of optimism about global economic…