The Canadian dollar weakened today as crude oil declined and on concerns that nation’s unemployment rose last month. The currency continued to advance versus the Japanese yen as Canadian economic growth accelerated. Crude…
Posts published in February 2013
US Dollar Falls on Enthusiasm over Global Economic Data
US dollar is falling today as better news from around the world boost risk appetite. As Forex traders become enthusiastic about risk assets, looking for yields rather than safe…
Euro Continues to Gain as Better Data Comes In
Euro is getting a boost today, moving through the 1.3600 level against the US dollar as better economic data comes in. Signs of stabilization in the euro zone are supporting the 17-nation currency.…
GBP/USD Drops as UK PMI Falls, GBP/JPY Highest Since 2010
The Great Britain pound tumbled against the US dollar today as the UK manufacturing fell more than was anticipated by analysts. The currency continued to rise against the Japanese yen, reaching the highest price…
NZ Dollar Rises, Gains Limited as China’s PMI Drops
The Zealand dollar rose today, but gains were limited as official data showed that China’s manufacturing growth slowed last month, damping prospects for New Zealand exports. The China Federation…