The Indian rupee declined today against the US dollar, which was supported by speculations about tighter monetary policy. Fundamentals were not bad for the Indian currency, though, and may yet alleviate…
The Thai baht fell today, ahead of tomorrow’s central bank meeting, as persisting speculations about reduction of stimulus by the US Federal Reserve continued to undermine strength of riskier currencies. The Bank of Thailand will…
The Bank of Israel surprised Forex market participants for the second time this month, cutting interest rates yet again on today’s meeting. The Israeli new shekel weakened after the decision. The BoI cut…
The South Korean won gained today as local exporters were selling dollar, while signs of economic growth attracted overseas investors to South Korean assets. Last week, the won has dropped…
The Australian dollar fell versus its US counterpart and the euro today, but managed to erase the losses later. The decline was caused by speculations that the US central bank will reduce its…
The major theme of this week was speeches of various Federal Reserve members and, most importantly, Chairman Ben Bernanke. Comments of policy makers did not help to understand when the central…
The Japanese yen ended Friday with gains as risk aversion attracted investors to the perceived safety of the currency, allowing the yen to move away from multi-year lows that it has reached recently.…
The Canadian dollar fell today as commodities declined on talks that riskier assets have gained too much in the previous days. Such speculations reduced the appeal of currencies tied to performance of raw materials.…
Euro is paring some of its earlier losses, and even moving higher against the US dollar today, getting help from the latest German Ifo reading. After falling earlier today,…
Ben Bernanke may be daring investors to buy stocks, but this attempt at encouraging an investment in risk assets doesn’t seem to be working out today. Risk aversion has set…