The Canadian dollar fell yesterday and maintained its losses today as the threat of the fiscal cliff resurfaced in the news headlines, making investors avoid riskier assets in favor of safer ones. The fiscal cliff in the United…
The Turkish lira weakened today after the central bank reduced interest rates, spurring speculation that policy makers will subdue currency’s gains to support the economy. The Central Bank of the Republic of Turkey…
German economic data has provided a bit of a boost to the euro today, but the gains are more modest than many might expect. Even though the macroeconomic picture appears to be getting…
Yen is higher today, thanks to some of the uncertainty surrounding what will happen next with the Bank of Japan. With government officials not agreeing on how hawkish the next BOJ governor…
The Australian dollar strengthened after the minutes of the last Reserve Bank of Australia’s policy meeting have been released today. The minutes showed that the accommodative policy was positive for the economy, but additional…
The New Zealand dollar retreated today on the news that China destroyed some imported milk powder. Milk products are one of the major New Zealand’s exports. There are reports that…
The Vietnamese dong, which is one of the least valued currency in the world in terms of monetary units (after the currencies of Iran and Somalia), was little changed over the week, closing at 20,825 per US dollar.…
The Great Britain pound sank against the US dollar, reaching the lowest since July, and edged down versus the euro today as Bank of England policy maker Martin Weale said that weaker…
US dollar is finding some strength today, thanks to recent economic data. While the greenback is slightly lower against the euro today, it is stronger against other major…
Euro is heading a little bit higher against the US dollar, and gaining against other major currencies today. However, the gains aren’t as big as they could be, with concerns about…