Posts published in March 2013

The euro was trying resisting the forces that were pulling it down, but was largely unsuccessful, falling against other major currencies. This was not a straight move down…

The South Korean won fell today as tension between the country and North Korea are rising. The poor domestic fundamentals did not help the currency either. Yet it has managed to erase…

The Chinese yuan advanced today as the People’s Bank of China raised its reference rate, allowing the currency to rise. Positive expectations for macroeconomic data from the country also helped the currency. The PBoC set…

US dollar is set to end the week on a high note, thanks to better data out of the United States, combined with safe haven demand. Volume is relatively low, though, thanks…

While the FX market doesn’t close for holidays, equity markets in the United States and Europe are closed for Good Friday, and that is affecting volume. UK pound is mostly steady against…

The Japanese yen has succumbed to concerns about the expected intervention from the Bank of Japan, falling against other most-traded currencies (though rising against the US dollar) after fear came off…

The euro bounced after fears of financial crisis in Cyprus abated to some degree. The currency advanced versus the US dollar and erased losses against the Japanese yen, but remained soft against the Great…

The Swiss franc jumped today, suggesting that traders still require a safe haven even as tensions around Cyprus eased somewhat. The rally was rather strong, almost erasing yesterday’s losses…

The Polish zloty rose today as fears of the financial crisis in Cyprus abated after country’s banks reopened today. The currency may yet be damaged by the unfavorable domestic fundamentals. Cyprus’s banks were…

Loonie is losing ground against its major counterparts today, thanks in large part to disappointment over the latest US employment data. Earlier, the Canadian dollar was fluctuating against its…