Japanese yen is weaker today, thanks in large part to the continued efforts to maintain stimulus measures in Japan. The latest trade deficit data doesn’t appear to be changing anything at this point,…
Posts published in December 2013
EUR Strong vs. USD & GBP on Economic Sentiment & CPI
The euro rose against the US dollar and the Great Britain pound today as economic sentiment improved in Germany and the whole eurozone, while inflation accelerated. The currency was weaker versus the Japanese yen. The ZEW…
Koruna Slides as Czech Central Bank Maintains Intervention
The Czech koruna dropped today as the nation’s central bank maintained interest rates near zero and reiterated its commitment to intervene on the Forex market to keep the currency from excessive appreciation. The Czech National…
Greenback Gets Boost After Inflation Data
US dollar is slightly higher today, following the latest inflation data. Also helping the greenback is a bit of risk aversion that seems to have returned ahead of what some expect…
Pound Pares Gains as Inflation Slows
The Great Britain pound was rising today, but pared gains after data showed that Britain’s consumer inflation unexpectedly slowed last month, though not very much. The Consumer…
AUD at Five-Year Low vs. NZD
The Australian dollar fell today, reaching the lowest price in five years against its New Zealand counterpart, after the minutes of the latest Reserve Bank of Australia policy meeting confirmed that policy…
Canadian Dollar Falls as Traders Weigh Chances for Fed Tapering
The Canadian dollar fell today as Forex traders were weighing chances for the US Federal Reserve to taper its monetary stimulus at this week’s policy meeting. The losses were not particularly big…
Tankan Survey Helps Yen to Gain
The very good Tankan survey, which was released today, helped the Japanese yen to rally, though gains were relatively small. Nervousness on the Forex market ahead of the Federal Reserve meeting was…
Yuan Flat After Manufacturing PMI Slips
The Chinese yuan was little changed against the US dollar today after data showed that Chinese manufacturing sector expanded with slower a pace than was predicted by analysts. The HSBC…
NZD Fluctuates vs. USD Even as Consumer Confidence Improves
The New Zealand dollar fluctuated against its US counterpart even as consumer confidence in the South Pacific nation improved. The currency also fell versus the Japanese yen. The Westpac Consumer Sentiment rose…