Aussie is heading lower against the US dollar after the latest data out of China disappoints. However, as European currencies continue to weaken, Australian dollar is finding some success against…
Posts published in April 2013
Japanese Yen Shows Strength against European Currencies
April 23, 2013
Slowing economic data out of China is weighing on high beta currencies, and helping support the Japanese yen against its European counterparts. Even with weakness expected moving forward, the yen…
Pound Drops on Domestic Fundamentals, Attempts to Recover
April 23, 2013
The Great Britain pound weakened today as a report showed that industrial order expectations fell this month, confirming that the UK economy continues to remain weak. Confederation of British Industry reported…
Euro Falls on Declining Manufacturing & Services
April 23, 2013
The euro dropped today as the manufacturing and service sectors continued to contract in the eurozone, fueling speculations that the European Central Bank will ease its monetary policy. Both eurozone manufacturing and service Purchasing…
Slowing China’s Manufacturing Growth Hurts NZ Dollar
April 23, 2013
The New Zealand dollar dropped today as slowing growth of China’s manufacturing sector led to worries about global economic growth and hurt prospects for New Zealand exports. The HSBC Flash China Manufacturing…
Canadian Dollar Attempts to Rally, Fails
April 23, 2013
The Canadian dollar was rallying against most major currencies at the beginning of this week, but it fell against the US dollar and the Japanese yen today. The currency traded sideways versus the euro.…
US Dollar Near 100 Level Against the Yen
April 22, 2013
US dollar is moving toward the 100 level against the Japanese yen. The G-20 meeting seems to have rubber-stamped the plans for more easing in Japan, and that could mean a breakthrough for USD/JPY at anytime.…
Taiwan Dollar Falls Yen in Decline
April 22, 2013
The Taiwan dollar slipped today on speculations that policy makers will step in to rein currency’s gains as a strong currency may leave the nation in trading disadvantage. It looks like Japan has…
Yen Under Pressure, Holds Ground
April 22, 2013
The Japanese yen was under pressure from anticipation of more quantitative easing by the Bank of Japan, though the currency held ground versus the US dollar and even advanced against the yen today. BoJ…
Dollar Posts Weekly Gains amid Worries About Global Growth
April 20, 2013
The US dollar gained this week as concerns about global economic growth resulted in a huge sell-off of riskier assets and the greenback retained its strength for the most of the week even as the market sentiment improved.…