The Chilean peso advanced on speculations that monetary stimulus in Europe will bolster economic growth of the South American nation, which continues to beat analysts’ forecasts. IMACEC, the central bank’s index of economic…
Once again, the Canadian dollar appears to be struggling. Even though there is a measure of enthusiasm for risk assets today, there is just too much, fundamentally, dragging on the loonie to help…
Eurozone economic data is providing a jolt to risk assets, and that is sending the US dollar lower today. Also, many Forex traders might be ready to let the dollar weaken,…
The Japanese yen continued to rally today even though the threat of an intervention continues to loom over the currency, reducing its attractiveness. The yen inexplicably continues to rally even as the newly appointed Bank of Japan…
The Australian dollar rallied today as retail sales beat expectations in January and the Reserve Bank of Australia left interest rates unchanged. The currency gave away some of its initial gains and erased the rally…
The Japanese yen showed resilience even as Haruhiko Kuroda said that the nation’s central bank should take more aggressive actions to spur economic growth and weaken the currency. Kuroda, the President of the Asian…
The euro was no feeling well recently. The Forex market was in a risk aversion mode, driving traders away from the currency. What this week holds for the euro? In fact, market analysts…
Sterling is attempting to regain some of its lost ground today. At the end of last week, the UK pound sustained significant losses as weak PMI data highlighted the continuing problems the United Kingdom…
The Australian dollar weakened today after a report showed that building approvals unexpectedly fell in January. Macroeconomic data from China was also not supportive for the currency. Australian building approvals…
Once again, the eurozone outlook is in question. Concerns about global economic growth, as well as worries about what’s next for Italy and the rest of the eurozone, have some speculating that the European Central…