Posts published in December 2013

Euro is gaining ground today, heading higher as better economic data helps the 17-nation currency. Factory output grew at a better rate than expected, and Germany is once again leading…

The US dollar is heading lower today, dropping even though there is speculation that the Federal Reserve will announce the beginning of its taper this week. The thought of low interest…

The New Zealand dollar ended this week with losses as traders shunned riskier currencies ahead of the next week’s Federal Reserve monetary policy meeting. The decline was limited as the central bank…

The Great Britain pound ended Friday with losses as UK policy makers demonstrated willingness to postpone an interest rate hike until economic recovery becomes resilient. Spencer Dale, Executive Director…

The Australian dollar ended Friday with gains even though the central bank’s chief signaled that policy makers would like the currency to weaken. The Aussie was still down heavily over…

The Brazilian real was fluctuating between gains and losses today as traders were weighing chances of US Federal Reserve stimulus tapering against prospects for an intervention from the Brazilian central bank. The currency…

The Chilean peso advanced today after the nation’s central bank refrained from an interest rate cut on yesterday’s monetary policy meeting as inflation accelerated more than was expected. The Central Bank…

Risk aversion is back as US data and Fed taper expectations weigh on global stocks. The yen is rebounding against its major counterparts, paring losses seen yesterday. Recently, the yen…

The Great Britain pound remained soft against the US dollar as the date of the December monetary policy meeting of the Federal Reserve is nearing and talks about potential stimulus reduction intensify. The currency was…

The US dollar jumped today after data showed an increase of retail sales. There were bad reports too, adding to uncertainty about the next week’s monetary policy decision of the Federal Reserve.…