Posts published in June 2013

The euro had a stellar week against the US and Australian dollars, but performance against some other currencies, including the Great Britain pound and the Japanese yen, was less impressive. The most important…

The Great Britain pound fell against the dollar as US employment growth exceeded expectations. The currency erased losses versus the Japanese yen and trimmed its drop against the euro as the UK trade balance…

Perhaps, US employment data was the most important event today, but it was Canadian employment that shocked the Forex market. And it surprised in a positive way, allowing the Canadian dollar…

US dollar is heading higher today following the most recent payrolls data. The result is adding a bit of confusion, though, since it muddies the water as to what might be next…

Euro is heading lower today, pulling back after yesterday’s bounce. Once again, Forex traders are looking to the future, and wondering if — perhaps — Mario Draghi’s optimism yesterday was…

The South Korean won was heading to the biggest weekly advance among Asian currencies since September as speculations that the US Federal Reserve will not withdraw stimulus were driving the dollar…

The Japanese yen gained today, advancing for the third straight session against the US dollar and the euro, as Japanese Finance Minister Taro Aso said that there is no immediate necessity to weaken…

The Canadian dollar rallied versus its US counterpart today as the new chief of the central bank said that an interest rate hike is probable sometime in the future. The currency retreated against some…

The South African rand appreciated today as the central bank indicated that there is a limited room for an interest rate cut due to inflation risks. Consumer inflation has been above the 4.5…

US dollar is falling today, losing ground against its European counterparts on the latest policy announcements. News that the ECB and the BOE are holding steady right now is sending…