The Canadian dollar slumped today as macroeconomic reports were abysmal, frustrating Forex market participants who have counted on much better data. Concerns about possible quantitative easing tampering by the US…
UK pound is heading higher today, gaining ground against major counterparts after yesterday’s drop. The latest news from the Bank of England is helping the pound against other currencies.…
Euro was trading at a high not seen for almost seven weeks against the US dollar earlier, but much of that is gone now. Euro is just barely hanging on against…
The Chinese yuan advanced today after the central bank raised the reference rate and as traders hoped that the government will make the nation’s capital markets more open to foreign investors. The People’s Bank…
The Japanese yen rose today as the Bank of Japan has started two-day policy meeting. Forex market participants do not expect any changes to monetary policy and this bolster the currency. The BoJ…
The Great Britain pound dropped today even persistently good macroeconomic data proves that recovery is gaining traction. This did not help the currency however, which are falling…
The US dollar appreciated today as traders continued speculate that positive fundamentals will encourage the Federal Reserve to reduce pace of asset purchases despite poor non-farm payrolls. The currency weakened against…
Economic data is boosting the euro right now, providing the 17-nation currency with a little help against many of its counterparts. With better economic news pointing to eurozone recovery, the euro…
Canadian dollar is lower today, dropping against its major counterparts, as Forex traders look ahead to July’s employment data, which many expect to be somewhat disappointing. Following the US…
The Brazilian real dropped today, touching the lowest level in four years. The drop caused concerns that weakening currency will boost inflation, which is already at the elevated level. The currency rebounded…