The Australian dollar attempted to rally today on positive macroeconomic reports, but failed because of comments of central bank’s leader, who said that the currency may depreciate. The Australian trade balance surplus…
Uncertainty is once again taking hold of the markets, and Forex traders are looking for a safe haven. As a result, it is little surprise that the Japanese yen is surging higher today.…
Euro is struggling to overcome earlier losses today, thanks to concerns about the periphery, sparked by the latest news out of Portugal. While the euro hit a five-week low against the US dollar earlier…
The US dollar traded near the highest level in a month as Forex market participants hope that this week’s employment reports will show stable growth, giving the Federal Reserve an excuse to reduce…
The Great Britain pound rallied versus the euro and the Japanese yen yesterday and maintained gains today as the construction sector expanded last month. The currency remained weak versus the US dollar. The Markit/CIPS UK…
The Australian dollar sank today after the central bank kept its key interest rate unchanged, but maintained dovish bias. The currency pared losses versus the Japanese yen, but stayed…
The Brazilian real fell today as industrial production declined in May and the contraction was bigger than analysts have predicted. The data led to speculations that the central bank will not be able…
Canadian dollar is falling behind today, losing ground as the US economy begins to outpace Canada’s Economy. With data favoring the United States, Canada is falling behind, and that is…
Japanese yen is softer today, losing ground against its major peers, thanks to the latest economic data from the United States and to a surging Nikkei index. Today, the Japanese yen is…
The Australian dollar backed off today after rallying yesterday. The currency gained strength from the Chinese manufacturing data, but retreated as traders wait for the policy decision of the Australian central bank. China…