The Great Brian pound rose against the US dollar and the Japanese yen yesterday and kept the gains today as the manufacturing sector expanded last month with faster pace than was expected. The currency…
Posts published in July 2013
US Dollar a Little Weaker on Risk Appetite
US dollar is a little weaker today, heading mostly lower against its major counterparts as risk appetite sends Forex traders looking for higher yields. Greenback is a little lower…
The latest economic data out of the eurozone, showing that unemployment rose for yet another month, doesn’t seem to be slowing the euro down much in trading. The 17-nation currency is gaining against…
Yuan Advances as Chinese Manufacturing Expands
The Chinese yuan advanced today as the government report showed that manufacturing continued to expand last month and Chinese officials tried to soothe worries about the recent liquidity crunch. According to the official data,…
Yen Drops as Tankan Survey Reduces Risk Aversion
The Japanese yen dropped today as the Bank of Japan released its Tankan survey that showed an expansion of both manufacturing and non-manufacturing sectors last quarter. This data reduced risk aversion on the Forex…