Euro is headed lower again, thanks to more economic data that indicates the eurozone is likely to remain in an economic contraction. Even good news out of Germany can’t change the subdued…
Canadian dollar is lower against its major counterparts today, dropping as economic expectations weigh on the loonie. Between GDP data to be released tomorrow, and a Bank of Canada announcement next week,…
The Swiss franc fell versus the US dollar and rose against the euro today. The Swiss economy unexpectedly grew last quarter, suggesting that the strong currency is not that detrimental to economic…
The New Zealand dollar advanced today as business confidence climbed in February. Building permits declined last month, but this did not deter the rally of the currency. ANZ business confidence jumped…
The Japanese yen fell today after Prime Minister Shinzo Abe appointed Haruhiko Kuroda as the next Bank of Japan Governor. The currency bounced to the opening level as of now. Market participants speculated that…
The Mexican peso gained today as Manuel Sanchez, a member of the central bank’s board, said that he is not supporting an interest rate cut. The market sentiment was also supportive for the currency.…
US dollar is weakening today as optimism makes an appearance on the markets, and risk appetite improves. However, even though greenback is mostly down against other majors, it is holding…
Euro has recovered some of its earlier losses against the US dollar, but the 17-nation currency remains vulnerable to the UK pound and the Japanese yen. Even though the latest fears about Italy…
The Chinese yuan advanced today as yesterday’s comments of Federal Reserve Chairman Ben Bernanke reduced fear among Forex traders, increasing demand for currencies with higher yield. Bernanke said yesterday…
The Great Britain pound demonstrated mixed performance today as UK GDP matched analysts’ forecast, falling quarter-on-quarter, but growing on an annual basis. UK gross domestic product fell 0.3 percent…