Posts published in May 2013

The Great Britain pound remained strong today as data showed that the construction sector shrank last month less than was predicted by analysts, giving hope that the UK economy is…

The Australian dollar fell today as signs of global economic slowdown made investors prefer safety to higher yield, resulting in lower demand for the currency. News from the United States was bad, hurting…

The Mexican peso fell as poor macroeconomic data from the United States led to concerns about Mexico’s economic growth and speculations that policy makers may cut interest rates. The currency gained…

US dollar is weakening today, heading lower on the latest expectations for the US economy. The latest ADP report, along with expectations that the Fed will continue its asset purchase program,…

Euro is retaining its strength against the US dollar, even with concerns about Cyprus and rising unemployment. Worries about what’s next for the eurozone are being brushed off to some…

The New Zealand dollar gained today on hopes that the Federal Reserve will confirm that quantitative easing stays in place. The currency maintained gains even as China’s manufacturing growth slowed. China’s…

The Great Britain pound rallied today even as data showed that manufacturing shrank last month. The good part of the report was that the sector’s decline was smaller than anticipated by analysts.…

The Canadian dollar rose against its US peer today, extending the rally for the fifth consecutive session, and gained on the euro. The currency dropped against the Japanese yen. Canada’s gross domestic product expanded…