Posts published in February 2013

Economic Expectations Weigh on Canadian Dollar

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,…

Read More

Franc Mixed as Swiss Economy Expands

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…

Read More

NZ Dollar Climbs with Business Confidence

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…

Read More

Yuan Fluctuates as Bernanke Reduces Fear

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…

Read More

Pound Mixed as GDP Matches Forecasts

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…

Read More