The euro posted a huge drop this week, falling against most of other major currencies. The shared 17-nation currency dropped for the first week in five against the Great Britain pound and the first time…
The Brazilian real fell, erasing gains as the central bank intervened to curb the rally of the currency. The real was rising previously as Finance Minister Guido Mantega hinted that the government will allow appreciation…
The Canadian dollar slid today after a report showed that employment fell in Canada last month, adding to concerns about slowing economic growth in the country. The currency fell even as other macroeconomic…
Japanese yen is heading higher today, thanks in large part to comments made by Japan’s finance minister. The idea that the yen has depreciated too far has many ready to buy…
US dollar is mixed today, even as a measure of risk appetite returns to the markets, with equities moving higher and indicating an interest in riskier assets. Concerns about the economy remain, though, and there…
The Australian dollar fell against the Japanese yen today after the Reserve Bank of Australia reduced its inflation and growth forecasts. The currency gained versus its US counterpart. The RBA predicted that…
The Great Britain pound extended its rally versus the US dollar for the second day today, but erased yesterday’s gains against the Japanese yen. Yesterday, the Bank of England released its monetary…
Euro is lower today, and Mario Draghi’s comments aren’t helping. A combination of concern about the eurozone and general risk aversion is leading to losses for the 17-nation currency. Today, the ECB Governing Council…
Canadian dollar is struggling today, engaging in rangebound trading against other majors in spite of the general volatility being seen elsewhere in the currency market. The latest building permits numbers are weighing…
The New Zealand dollar weakened today as New Zealand employment unexpectedly fell last quarter even though the unemployment rate significantly dropped. But that does not necessary mean that…