Posts published in May 2013

The South Korean won rallied today as positive data from the United States made investors more courageous and willing to buy riskier assets of emerging economies. Yesterday’ US retail sales report…

The Bank of Israel made an unexpected move yesterday, cutting its benchmark interest rate. The Israeli new shekel dropped versus the euro today, but rose against the US dollar. The central bank…

The positive retail sales report from the United States boosted not only the US dollar, but the Canadian dollar as well. The loonie managed to outperform most of the major currencies. US retail sales…

The US dollar has rallied last week and the rally was strong. Will the advance continue this week? Most analysts believe it will, but there may be obstacles for the currency.…

Euro is struggling today, changing between gains and losses against the US dollar, and finding it difficult to gain solid traction against other major currencies. Worries about recession continue…

US dollar is mostly rangebound today, turning in a mixed performance as traders look for direction and speculation about what’s next for the Federal Reserve raises questions about what’s next. US dollar…

The Chinese yuan weakened today as the People’s Bank of China lowered its reference rate, forcing the exchange rate down. Analysts remain bullish on the currency in the long term. The PBoC set the daily fixing…

The Australian dollar remained depressed at the start of this week as business confidence worsened, adding to speculations that the central bank will cut interest rates yet again. The Aussies maintained last week’s…

This was definitely not good for the Australian dollar as the nation’s central bank unexpectedly reduced its interest rates and hinted that more rate cuts are possible. The Reserve Bank of Australia…

Canadian employment growth was below forecasts, making the Canadian dollar close lower against its US peer. At the same time, the currency closed flat against the euro and higher versus the Japanese…