The Australian dollar gained against most of its major peers this week, posting the strongest rally in six months. The currency gained for the fourth straight week against the euro and the New Zealand dollar.…
The Canadian dollar advanced today, reaching the highest level in three weeks versus its US counterpart. The currency fell against the euro, but almost erased the drop, while the loonie maintained its…
The US dollar retreated today as traders anticipate that the Federal Reserve will maintain its stimulating monetary policy even after inflation accelerated. Such expectations added to pressure on the currency. The Fed…
UK pound continues to gain ground against the US dollar today, after yesterday’s upbeat performance. Even though there are some factors that would normally put downward pressure…
Even with a level of uncertainty, the euro is gaining ground today. The 17-nation currency is up against its major counterparts, even as a number of issues remain unresolved. It’s been an interesting…
The South Korean won fell today, heading to a weekly decline, as the central bank voiced worries about slowing economic growth, while politicians were concerned about the negative impact of depreciating yen.…
The Polish zloty gained today, erasing previous losses. The earlier drop was caused by worries that unfavorable fundamentals will lead to another interest rate cut. Poland’s consumer price inflation…
The Swiss franc jumped today even after the Swiss National Bank maintained the cap on the currency and signaled that the exchange rate is still high. The SNB left interest rates near zero…
The Norwegian krone weakened today after the central bank left interest rates stable and signaled that no change to the monetary policy is expected until the next year. Norges Bank left…
UK pound’s recent sell off seems to be over — for now. Sterling is seeing some success today, helped by positional factors, as well as by a general feeling of risk appetite in the markets. Today,…