Posts published in May 2013

The Great Britain dollar was rallying this week as positive macroeconomic data confirmed economic recovery in the country that recently emerged from recession. Fundamentals outside of Britain also helped the currency.…

Euro is heading higher today, even in the midst of a deteriorating outlook for the eurozone. The risk appetite prompted by a better than expected jobs report out of the United States is helping high beta…

Australian dollar is gaining ground today, heading higher as risk appetite surges in the markets. Even though gold is struggling a bit today, the Aussie has the upper hand against its…

The Great Britain pound rose today as data showed that the service sector expanded last month faster than was expected, adding to signs of economic recovery in the United Kingdom. The Markit/CIPS UK…

The Chinese yuan was strong today together with other Asian countries on hopes that monetary stimulus in developed nations will result in higher capital inflows into the region. Domestic fundamentals…

The Canadian dollar fell today after a successor to the position of the Bank of Canada head was announced. The currency managed to gain against the euro and the Japanese yen. Stephen Poloz, the leader of Canada’s export credit…

The US dollar rallied today following yesterday drop as macroeconomic data from the United States was better than market participants have hoped for. The currency was especially strong versus…

Euro is heading lower today, dropping on the latest comments from ECB policymakers. The lower rate was expected by many, but what wasn’t expected was an acceptance of possibly negative rates.…

Yen is mostly lower today against its major counterparts following the latest release of BOJ minutes. Even though there are some concerns about the aggressive monetary easing policy…

The South Korean won retreated today after touching the highest level since March. The earlier rally occurred after South Korea’s trade balance posted surplus and manufacturing expanded last month.…