Posts published in April 2013

US dollar is losing ground today as risk appetite returns to the market. Greenback is higher against the yen, but down against high beta currencies, particularly the euro. Greenback is…

New Zealand dollar is getting a boost today, heading a little bit higher after yesterday’s drop. Kiwi is seeing some support, but more weakness could be ahead.…

The Great Britain pound rose today as inflation remained above the central bank’s target, reducing probability of additional monetary easing by the Bank of England. The Consumer Price Index rose 2.8 percent in March…

The South Korean won rebounded today as regional stocks advanced after yesterday’s sell-off. It looks like traders are returning to riskier assets, reversing earlier losses. The benchmark South Korean…

The Australian dollar bounced today after yesterday’s huge drop. Fundamentals remain bad though and the minutes of the last central bank’s policy meeting added to negative factors that put pressure on the Aussie.…

The euro was steady today and even attempted to rally versus the US dollar. The currency sank yesterday against safe currencies after poor macroeconomic data from China and the United States spurred…

Commodities are taking a plunge today, and commodity currencies like the Canadian dollar are falling right along with them. Loonie is especially impacted by the drop in oil prices. Commodity prices…

US dollar is gaining ground today, moving higher as risk aversion sends high beta currencies lower. Signs of economic weakness are weighing on risk as many traders finally come…

The Japanese yen strengthened today as unexpected slowdown of China’s economic growth spooked Forex market participants and increased demand for assets that offer safety. The National Bureau of Statistics reported that Chinese…

The Great Britain pound rose against the euro today as house prices increased last month in the United Kingdom. The sterling was soft against other most-traded currencies, including the US dollar. The Rightmove…