The Mexican peso declined today as worries that the US Federal Reserve may trim its asset-purchase program made investors unwilling to keep riskier currencies of emerging nations. Traders are worried…
The Malaysian ringgit fell today as on concerns about capital outflows and cut of the country’s credit rating. Investors were selling the nation’s bonds as US Treasury yield was rising. Fitch Ratings changed…
US dollar is heading higher today, gaining ground as the latest economic data adds to the speculation that the Federal Reserve could begin tapering its asset purchase program sooner rather…
Euro continues to struggle a bit against the US dollar today, even after the latest unemployment release in the eurozone. Signs that a muted recovery might come into play during the last part…
The Canadian dollar was soft ahead of the US Federal Reserve policy meeting. Traders speculated that the Fed may give hints about details of quantitative easing tampering. Market participants are…
The Great Britain pound slumped today ahead of central banks’ meeting this week on speculations that UK policy makers will keep stimulus in place to maintain momentum of economic growth. Bank…
US dollar index moved off a recent low as the greenback begins showing signs of strength against its major counterparts. With earlier losses pared and the dollar up on the day, speculation about…
Easing is an official part of Australian monetary policy right now, and that is causing a drop for the Aussie. The Australian dollar is losing ground against its major counterparts as RBA officials…
The euro was firm today as German consumer confidence improved this month and the International Monetary Fund approved another tranche of bailout for Greece. The IMF approved the â¬1.7b for Greece’s bailout after completing…
The Japanese yen fell today as industrial production declined last month, increasing possibility of additional monetary easing from the central bank. Losses were limited as unemployment shrank more than was…