The Great Britain pound dropped today as the current account deficit widened unexpectedly last quarter, leading to concerns about sustainability of economic growth. UK economic growth remained unrevised in the final estimate,…
Euro is getting a boost today, thanks in part to the latest confidence report out of the eurozone. Also helping the situation for the euro is the fact that there has been some improvement in Germany’s…
The New Zealand dollar gained today as business confidence improved this month. The currency advanced even as trade surplus unexpectedly shrank last month. The ANZ Business Confidence index rose from…
The dollar continued to rise against other most-traded currencies, including the euro and the Great Britain pound. The currency fell a little today, but retained most of its yesterday’s gains. It stayed flat…
The Canadian dollar gained against its US peer today on speculations that the state of the economy does not warrant an early reduction of monetary stimulus. The currency also gained against the Great Britain…
UK pound is heading lower against the US dollar today, dropping as weak economic news weighs. On top of that, it’s not helping that a Bank of England policymaker is publicly…
Bonds in the euro area are on the rise, and the euro is losing ground, thanks to the latest remarks by Mario Draghi. He’s promised to keep monetary policy accommodative, and that means a lower euro for now.…
The South African rand strengthened today as exporters took benefit of the low exchange rate and converted their earning to the local currency, increasing demand for the rand. Fundamentals are still adverse to the commodity-related currency.…
The Indian rupee slumped today as the dollar continued to strengthen on prospects for Federal Reserve’s quantitative easing to end this year. Yesterday’s positive data from the United States added to speculations that the Fed…
The Japanese yen was soft today amid positive macroeconomic reports from the United States and signs that China will take steps to stabilize the banking system. Positive data from the USA…