Posts published in May 2013

The Swedish krona fell today against the euro, touching the lowest level in a week, after the consumer and manufacturing gauges declined this month, sparking talks about an interest rate cut. The currency advanced…

The New Zealand dollar fell today as the trade balance surplus shrank last month more than was expected by market participants, adding to concerns about slowdown of global growth. The New Zealand…

The Swiss franc retreated today after jumping yesterday on risk aversion, but retained most of its gains. Additionally, the currency advanced versus the yen, against which it fell yesterday. Forex…

The Great Britain pound advanced today versus the US dollar after the second revision of GDP data confirmed that the nation’s economy emerged from recession. At the same time, the currency weakened against…

Canadian dollar is experiencing very choppy trading today, moving between gains and losses against major counterparts as traders and investors try to figure out what to do next. Yesterday, markets…

The eurozone continues to show weak data readings, and many expect the recession in the eurozone to last through the rest of the year. However, even so, the euro is still gaining against the US dollar. Even…

The Japanese yen climbed today, posting the biggest gain against the euro in five weeks, as Chinese manufacturing and speculations about the future monetary policy of the US Federal Reserve made investors nervous and unwilling…

The Australian dollar slumped today, reaching the lowest level in a year against the US dollar, as China’s manufacturing contracted this month and the US Federal Reserve hinted that quantitative easing may be…

The Swiss franc dropped today as Swiss National Bank President Thomas Jordan talked about possibility of negative interest rates and shifting of the cap on the franc. Jordan warned about negative consequences of a strong…

The US dollar was volatile today as Forex market participants were trying to interpret the words of Federal Reserve Chairman Ben Bernanke and to guess whether the central bank will remove stimulus. Bernanke…