Japanese yen is gaining ground today, thanks to the latest comments from Japan’s Finance Minister. Some Forex traders now believe that the recent yen weakness was overdone, and that…
Yen Gains on Comments from Taro Aso
May 7, 2013
Posts published in May 2013
Yuan Gains as China Plans Reforms
May 7, 2013
The Chinese yuan gained today on signs that the government is planning to ease control over the currency and allow capital to move more freely in and out of the country. The Peopleâs Bank of China set its…
Aussies Sinks as RBA Surprises FX Market
May 7, 2013
The Australian dollar slumped today as the Reserve Bank of Australia surprised Forex market participants by cutting its interest rates and suggesting that further rate cuts are possible. The RBA cut its…
The Swiss franc fell on signs that the Swiss National Bank will preserve the cap on the currency as the economy does not recover fast enough to warrant changes to the current policies. The SNB was preserving…
The Canadian dollar rose against the euro and erased losses against the US dollar yesterday and remained firm today. At the same time, the currency was soft versus the Japanese yen, paring yesterday’s rally.…
Another Good Week for GBP?
May 6, 2013
The Great Britain pound felt itself strong recently, but was a bit soft at the start of today’s trading session. Will the currency be able to maintain its rally this week? Britain’s…
Mario Draghi Drags on the Euro
May 6, 2013
ECB President Mario Draghi’s remarks on the euro and the eurozone economy are weighing on the 17-nation currency today. Insisting that monetary policy will continue to accommodate the economic conditions, Draghi’s remarks are…
US dollar is gaining ground today, heading higher on risk aversion, and gaining strength from the fact that the economic recovery seems to be progressing. Many Forex traders are especially…
The Australian dollar dropped today after retail sales unpleasantly surprised Forex market participants by falling in March. The negative data spurred talks about potential interest rate cut by the Reserve Bank…
Ringgit Rallies Most Since 2010 After Elections
May 6, 2013
The Malaysian ringgit advanced today, posting the biggest gain since 2010, after the elections resulted in the government party securing a clear majority in the parliament. It should allow Prime Minister Najib Razak…