Posts published in August 2013

Great Britain released yet another positive macroeconomic report. Yet, as it often was happening lately, favorable fundamentals did not help the pound, which fell against other major…

The South Korean won advanced today as the central bank spoke about economic growth of the Asian nation and after China released yet another positive report. The Bank of Korea left its main…

The Thai baht was rising because of the positive market sentiment, but was unable to keep gains and currently trades below the opening level against the US dollar. The positive data from China…

The Mexican peso gained today on speculations that the US Federal Reserve will keep stimulus. At the same time, signs of economic growth in the United States improved prospects for Mexican exports. Poor non-farm…

Positive market sentiment allowed the Canadian dollar to overcome poor domestic fundamentals, resulting in a sharp advanced against the US dollar and gains against other most-traded currencies. The general market sentiment was…

German data is helping the euro today, as is the latest speculation that the eurozone economy might be returning to growth. Good news elsewhere is spurring on risk appetite, and that is…

Fundamental data from Australia was rather negative today, but it did not hinder the Australian dollar’s rally. The currency gained as Chinese imports increased last month, improving prospects…

US dollar is struggling today, heading lower against many of its counterparts, thanks to uncertainty over when the Federal Reserve will begin tapering its asset purchases, as well as the latest…

The Japanese yen erased earlier losses and was little changed today after the Bank of Japan left interest rates and the asset purchase program unchanged, confirming that policy makers are not…

The Swiss franc gained today even as fundamentals were not supportive for the currency, suggesting that the central bank will keep the cap on the currency intact. The franc lost to the Japanese yen during the current…