Posts published in March 2013

Euro is gaining ground today, after some recent disappointments, thanks to the latest move from the European Central Bank. Additionally, risk appetite is making an appearance today on the news that…

The Australian dollar managed to rise today even after the data showed that the trade balance deficit widened, surprising traders who have expected it to decline. The Australian trade balance posted…

The Bank of Japan left its interest rates and the size of the asset purchase program unchanged today. The Japanese yen dropped after the news. The BoJ left interest rates near zero during today’s…

The Polish zloty dropped today as the Polish central bank cut interest rate more than was expected, reducing attractiveness of the currency. Yet not all specialists were bearish on the zloty. The National…

The Canadian dollar dropped sharply against its US counterpart today after the Bank of Canada left interest rates unchanged, signaling that the accommodative policy will persist for some time. The BoC…

US dollar index is heading higher today, gaining ground as a bit of uncertainty sets in ahead of central bank announcements out of the eurozone and the United Kingdom. European currencies are casualties against…

Euro continues to struggle, dropping below the 1.30 level against the US dollar today. Concerns about what might be coming are weighing on the 17-nation currency, causing it to lag behind…

Australia’s economy demonstrated stable growth last quarter and this increased the appeal of the nation’s currency. It is not a surprise that the Australian dollar rose today, considering the positive domestic data.…

The Swiss franc declined today, further moving away from the cap of 1.20 francs per euro, set by Swiss National Bank. Demand for the currency as a safe haven was limited among signs…

The Indian rupee gained today as signs of stable economic growth in the United States made Forex traders more willing to risk and propped up demand for currencies with higher yield. The US non-manufacturing…