Posts published in April 2013

UK pound is moving higher against the US dollar today. The British currency is also seeing gains against the Canadian dollar. However, even though UK pound is getting…

The Swedish krona gained today as consumer price inflation accelerated, beating analysts’ forecasts and improving prospects for the nation’s economy and currency. The Swedish Consumer Price Index rose 0.4 percent in March from…

The Chinese yuan retreated from yesterday’s record level as the People’s Bank of China lowered the daily fixing, but rose from today’s opening, signaling that the market has confidence in the currency. The PBoC…

The US dollar rose a little against the euro today, paying almost no attention to the yesterday’s Federal Open Market Committee minutes. The currency halted its rally versus the Japanese yen, unable…

The Australian dollar slumped today as employment data frustrated Forex market participants, being exceptionally bad and leading to speculations about probable interest rate cut by the Reserve Bank of Australia. Analysts have…

Euro is lower today, struggling as continued concerns about the eurozone and the fate of the 17-nation currency weigh. The latest difficulty comes from the announcement that Cyprus is planning to sell off some…

Canadian dollar is getting a boost today as Forex traders look for higher yields. Particularly, loonie is benefitting from flows out of Japan. Canadian dollar is being favored right…

The Norwegian krone declined today as slowing growth of consumer prices fueled speculations that the central bank will perform an interest rate cut to boost inflation. The year-over-year growth of the Consumer Price Index…

The Chilean peso weakened today on speculations that the central bank may intervene to trim the rally of the currency that reached the highest level since September 2011 this week. Finance Minister Felipe…

The Australian dollar extended its gains today as China, the major Australia’s trading partner, increased its imports, improving trading prospects of the South Pacific nation. According to the Customs General Administration of China,…