Yesterday’s policy announcement from the Federal Reserve is boosting the US dollar today as Forex traders look to the removal of a drag on the currency. Yesterday, the Federal Reserve’s FOMC completed a two-day policy meeting…
Posts published in June 2013
Japanese Yen Weakens Against Major Counterparts
Japanese yen is weaker today, dropping against its major counterparts as domestic news weighs on performance. Additionally, USD/JPY is extending gains on the latest news out of the United States. Japanese…
Aussies Falls with China’s Manufacturing PMI
The Australian dollar touched the lowest level in more than two years against its US peer today as China’s manufacturing slowed more than was expected and the US Federal Reserve signaled…
NZD/USD Sinks as New Zealand GDP Trails Forecast
The New Zealand dollar reached a lowest level in a year against its US peer today as nation’s economic growth slowed last quarter more than was expected. The currency managed to rise…
The Swedish krone fell today even though macroeconomic indicators showed that the nation’s economy is improving, reducing chances for an interest rate cut by the Riksbank. Statistics Sweden reported that the unemployment…
The euro slumped against the US dollar as Federal Reserve Chairman Ben Bernanke said that the central bank will likely reduce stimulus by the end of the year. The currency was firm against some…
US Dollar Lower on Speculation that QE Will Continue
Greenback is lower today, struggling as Forex traders await the outcome of the two-day Federal Reserve policy meeting underway right now. Right now, there is speculation that quantitative easing…
UK Pound Gets Boost on Prospect to Reduce Easing
Votes to avoid an increase in the Bank of England’s asset buying program are providing support for the pound today. Pound is modestly higher against the US dollar, and the currency has broken a recent losing…
Aussie Rises with Leading Indicators
The Australian dollar rallied against its US peer as the nation’s leading indicators rose, reducing incentive for the Reserve Bank of Australia to cut interest rates further. The Conference Board Leading Index rose…
NZD Rises vs. USD as Current-Account Deficit Narrows
The New Zealand dollar rose against its US counterpart, but fell versus the Japanese yen today after data showed that the nation’s current-account deficit narrowed last quarter. The moves…