The US dollar extended its rally for another week. The currency paused its advance versus the euro after the European Central Bank talked about economic recovery, but resumed the rally on the very…
Another Week of Gains of US Dollar
March 9, 2013
Posts published in March 2013
The US dollar climbed yesterday on the very good non-farm payrolls, demonstrating that recovery of the US economy is gaining momentum despite all the budget issues that the United States have. US…
Canadian Dollar Ends Friday on Positive Note
March 9, 2013
The Canadian dollar ended Friday higher against most of its major peers as employment data came out much better than was predicted by analysts, making Canadian assets more appealing…
The Australian dollar fell against its US counterpart today after the Chinese trade balance demonstrated an unexpected surplus. The currency extended its rally versus the Japanese yen. China’s trade surplus…
European Realities Keep the Euro Down Today
March 8, 2013
The realities of what’s happening in the Europe are weighing on the euro today, and even better news out of the United States can’t boost risk appetite enough to help. Mario Draghi’s remarks during yesterday’s…
Yesterday, the Bank of Japan reached a decision to keep its monetary policy steady, and even rejected the idea of increasing monetary stimulus. However, the yen is still down across the board as Forex traders…
Unexpected Chinese Trade Surplus Makes Yuan Stronger
March 8, 2013
The Chinese yuan appreciated today as the nation’s trade balance posted an unexpected surplus, improving the market sentiment and increasing the appeal of China’s assets. According to the Customs General Administration of China, China’s trade balance…
The US dollar fell sharply against the euro yesterday and stayed little changed today. The US currency was flat versus the Great Britain pound, while against the Japanese yen it reached…
Improving Canadian Trade Balance Makes Loonie Stronger
March 8, 2013
The Canadian dollar jumped against its US peer yesterday, but backed off a little today. The currency maintained its gains versus the Japanese yen. The euro was too strong after…
UK Pound Gets Boost from BOE Decision
March 7, 2013
UK pound is getting a boost against its low-beta counterparts today, thanks to the latest decision from the Bank of England. A touch of risk appetite is also helping the pound against currencies…