The South African rand weakened today on signs that the central bank may intervene to curb volatility of the exchange rate. Central bankâs Deputy Governor Daniel Mminele said that swings of the currency…
The Brazilian real fell today amid speculations that positive US macroeconomic data will spur the US Federal Reserve to tighten its monetary policy. Brazil’s central bank already increased…
Euro is heading lower today as risk aversion sets in, and as Forex traders consider that unemployment in the eurozone is hitting yet another high. With economic concerns, and with commodities…
Australian dollar is heading lower today, dropping as commodities continue to struggle. With the Federal Reserve on the verge of pulling back its stimulus efforts, and concerns about global growth rising to the top,…
The Swiss franc rose today as economic growth in Switzerland exceed analysts’ expectations, attracting investors to the nation’s assets and supporting the currency’s role as a safe haven. Swiss gross domestic product expanded 0.6…
The Canadian dollar advanced today against its US peer as the nation’s current-account deficit shrank last quarter, adding to speculations that the central bank may raise interest rate in the future. The currency…
The New Zealand dollar fell today after Reserve Bank of New Zealand Governor Graeme Wheeler said that the central bank is prepared to weaken the currency. Wheeler said today: In recent…
The Great Britain pound advanced today as UK house prices grew this month amid hopes that the nation’s economy will recover. The Nationwide House Prices Index rose 0.4 percent…
US dollar is losing ground today, thanks in part to concerns that the economy is not ready to recover at quite the rate some had come to expect. The news is weighing on the greenback,…
Euro is getting a bit of a boost today, thanks in part to the confidence report out of the eurozone. Economic confidence increased more than expected, and the euro is also seeing support as the United States…