The US dollar advanced today as Forex market participants thought that the United States will be able to maintain stable growth despite the recent string of poor macroeconomic data. The Dollar Index…
Euro is moving between gains and losses against the US dollar today. Trading has been choppy as Forex traders try to work through some of the uncertainty surrounding the two currencies. Throughout…
Canadian dollar is heading lower today as a wider trade deficit takes its toll. It’s also not helping that risk appetite, in general, is lacking today. Canada’s trade…
The Israeli new shekel fell today as the central bank was buying dollars to keep currency’s appreciation in check. The shekel was already weakening on the previous actions of the bank. According to some traders, the Bank…
The Australian dollar dropped today after the Reserve Bank of Australia maintained its cash rate unchanged and reiterated that lower interest rates are possible in the future. The RBA kept its benchmark…
The US dollar dropped as worse-than-expected macroeconomic reports from the Untied States fueled speculations that the Federal Reserve will maintain quantitative easing. The Purchasing Managers’ Index of Institute for Supply Management unexpectedly…
Japanese yen is moving higher against its major counterparts today, gaining some ground as questions about the recent easing policies come to light. Some think that the recent (and dramatic)…
The latest manufacturing data out of the eurozone is helping the 17-nation currency today. The good news is providing a boost for the euro against its major counterparts as expectations for an improving economy increase. Manufacturing…
The Chinese yuan fell today as China’s manufacturing contracted last month, adding to concerns that the nation’s economy is going to experience slower growth. The HSBC China Manufacturing Purchasing Managers’ Index…
The Great Britain pound advanced today as UK manufacturing unexpectedly expanded last month, improving outlook for the nation’s economy and increasing attractiveness of the British currency. The Markit/CIPS UK Manufacturing Purchasing Managers’ Index…