Posts published in July 2013

The Great Britain pound ended this week on a positive note, gaining on Friday against all other major counterparts as hopes for sustainable growth increased the appeal of the currency, especially to those investors who…

The Canadian dollar was mixed after inflation report on Friday. The currency rose against the US dollar, fell against the euro and closed flat versus the Japanese yen. As was expected, annual inflation…

Greenback is heading lower today, following some gains in the wake of positive economic data. Even with the positive data, though, the US dollar is losing ground as concern about the latest…

Australian dollar is gaining ground today following yesterday’s somewhat dovish remarks from Ben Bernanke. Aussie is sensitive to movements in the dollar, as well as expectations for the global economy and gold prices…

The Malaysian ringgit fell today, but erased losses amid risk appetite and as data showed that inflation in the Asian nation was stable and at a high level last month. Higher-yielding currencies have…

The South African rand rose today as Federal Reserve Chairman Ben Bernanke quelled fears of imminent quantitative easing reduction and after the South African central bank left monetary policy unchanged.…

Japanese yen fell today on speculations that the upcoming parliamentary elections in Japan may reinforce Japanese Prime Minister Shinzo Abe’s push for policies aimed at weakening the currency. The vote on July 21…

The Canadian dollar advanced today on hopes that signs of economic growth will encourage policy makers to become bolder and reduce monetary accommodation, the move that they were promising for a long time.…

Euro continues to struggle a bit today, dropping against the dollar and the pound as eurozone uncertainty remains the focus for many traders. Angela Merkel appears to have a plan in mind for saving the euro, but it…

The Thai baht fell after rising initially. Currencies’ moves are somewhat volatile today as traders are trying to digest Chairman Ben Bernanke’s comments about the future policy of the US central…