The Canadian dollar fell today against its US peer and the euro as crude oil prices went down. At the same time, the currency managed to rise against the Japanese yen on speculations that Canadian…
Posts published in July 2013
Dollar Heads to Monthly Loss as Fed Meets
The dollar gained today, but was heading to monthly loss as speculations that the Federal Reserve will keep its monetary stimulus hurt the currency. Analysts predicted that today’s report will…
South Korean Won Rises, Reverses Gains
The South Korean won rose today before falling later as exporters were converting their earnings to the local currency. Worsening manufacturing conditions prevented the won from rallying too much and led…
NZ Dollar Drops as Government Wants Weaker Currency
The New Zealand dollar dropped today after Prime Minister John Key expressed opinion that the currency’s strength is still excessive and voiced hope that the kiwi will depreciate. Key…
UK Pound Mixed After Economic Releases
In a big week for economic data, the UK pound is mixed following today’s earlier releases. Pound drifted higher briefly, before falling against its low-beta counterparts, even while remaining…
Euro Lower Ahead of Busy Week
This week is expected to be very busy, and the euro is lower today in anticipation. There is a lot of economic data expected this week, as well as central bank decisions to be…
Dollar Soft Ahead of Fed Meeting
The US dollar was broadly lower this week against most currencies, including the Japanese yen, which was unexpectedly strong. Traders were selling dollar ahead of next week’s meeting…
Canadian Dollar Mostly Flat in Thin Trading
After gaining some ground earlier on oil prices, the Canadian dollar is mostly flat today. Trading is thin, and the loonie is looking for direction — much like other currencies. US…
Abenomics Spurs Gains for the Japanese Yen
There is evidence that the Japanese economy is on the upswing, and many people are crediting Abenomics with the fact that significant inflation might be coming to Japan for the first time in nearly…
Euro Strong vs. Dollar & Pound, Weak vs. Yen
The euro climbed against the US dollar and rose versus the Great Britain pound as German business climate continue to improve and Spanish unemployment shrank. The currency fell for the second day against the Japanese yen,…