Between the prospect of continued easing in the United States, and the bond yield shock this morning, the US dollar is struggling today. The dollar index is lower as the greenback loses ground to its major…
Euro is trading mixed today as focus shifts from Asia to the eurozone, specifically Germany. There are a couple of key arguments coming before German courts, regarding ECB measures to shore…
The Australian dollar dropped today, reaching the lowest level since 2010 against its US counterpart, as growth of housing loans slowed in April and trailed analysts’ forecasts. Australian dwelling finance commitments…
The Japanese yen jumped today after the Bank of Japan left its monetary policy unchanged, refraining from additional stimulus and disappointing traders who have counted on more accommodative policy. The BoJ…
The Swiss franc advanced versus the US dollar and the Japanese yen, but fell against the euro. Economic reports from Switzerland were mixed, not helping the currency to choose direction. Retail sales…
The Canadian dollar rallied against its US peer and the Japanese yen today as housing starts outpaced investors’ expectations, adding to positive reports from Canada. The currency retreated against the euro. Canadian…
Japanese yen is losing ground today, dropping against its major counterparts, as stimulus efforts boost the Nikkei, but weaken the currency. Earlier this year, the Bank of Japan announced an ambitious…
US dollar index is higher today. As the week begins, greenback is showing some strength, although it is lower against some individual currencies, like the euro. Dollar index…
The Swedish krona fell today as industrial production unexpectedly declined in April, putting pressure on the central bank to cut interest rates. Statistics Sweden reported that industrial production fell 0.5 percent…
The Indian rupee dropped today to the record low against the US dollar today on concerns that the US Federal Reserve will remove monetary stimulus. Last week’s US non-farm payrolls boosted…