The US dollar was trying to rally on speculations about possible quantitative easing tampering, but failed to do so against such currencies as the euro and the Japanese yen. The greenback managed to keep gains…
This trading session was marked by widespread risk aversion, resulting in losses to currencies of emerging markets. The Mexican peso was among the losers. The tension between the United States and Syria made investors…
The Israeli new shekel declined today as political tensions in Middle East escalated after the United States signaled about possible attack on Syria in case the Middle Eastern country uses chemical weapons.…
Very little about the Canadian dollar is being driven by what’s happening in Canada today. Instead, the loonie is responding to everything that’s going on in other countries. Fed bets and concerns about…
Earlier in the month, there had been talk of a possible rate cut at the next ECB meeting. However, the chances of a rate cut are diminishing, and that is providing help for the euro, even as risk…
The New Zealand dollar managed to gain yesterday despite the very bad trade balance, but reversed gains today. The currency dropped rather sharply at the beginning of the current trading session and remains soft…
The US dollar fluctuated today, without moving in any particular direction, as traders continued to speculate if the Federal Reserve will tamper its quantitative easing program as soon as the next month. As was…
The Indonesian rupiah followed the Brazilian real in decline. The reason for the drop was the same: Forex traders were unconvinced by efforts that the central bank was making to revive the nation’s economy. The Indonesian current…
The Brazilian real dropped today as Forex traders were unsure if the measure taken by the central bank will be enough to support the currency that demonstrates profound weakness. The Banco Central do…
After trading lower at the end of last week, the UK pound is picking up some steam, turning it around against the yen, and moving higher against the US dollar. At the end of last…