Posts published in April 2013

The US dollar dipped today on speculations that the Federal Reserve will not reduce stimulus as the recent fundamental data was not good enough to warrant tighter policy. The Fed started its…

Euro is retaining its lead against major counterparts today, even though there are concerns about the eurozone economy. Economic news in other major economies has also been…

Japanese yen is gaining ground today, heading higher against the dollar and making some inroads against the euro. Economic data out of Japan is having an effect as well. The recent Bank…

The Taiwan dollar weakened today after data showed that the first quarter’s growth of the country’s economy was slower than analysts have anticipated. Taiwan gross domestic product expanded 1.54…

The Great Britain pound was little changed today even after UK consumer confidence unexpectedly fell this month, suggesting that the Britain’s problems did not end yet. The GfK…

Economic data in the United States is prompting a retreat for the US dollar right now. As data continues to disappoint, the greenback heads lower as quantitative easing measures are expected to remain in place. The Federal…

Many are now expecting that the European Central Bank will cut its benchmark interest rate at its next meeting due to the latest confidence data out of the eurozone. Economic confidence…

The South Korean won soared today as the nation’s trading account surplus widened, increasing the attractiveness of South Korean assets and leading to hopes for higher capital inflows into the country. The Bank of Korea reported…

The New Zealand dollar jumped today on forecast that housing approvals will show growth with accelerating pace in tomorrow’s report. The currency performed rather good last week and started this…

The US dollar was mostly soft against other major currencies this week as macroeconomic data supported the positive mood of Forex traders. The euro was an exception, falling against the greenback on weak…