The US dollar has experienced a rather volatile week as traders were digesting the words of the Federal Reserve about its future monetary policy. What does the current week hold for the greenback? Perhaps,…
Japanese yen is gaining against majors today, showing some strength as concerns about the Fed tapering program’s timing cause uncertainty and as Forex traders look ahead to the sales tax hike…
This week was poor in terms of macroeconomic news from the United States, but this did not prevent the US dollar from fluctuating, sometimes quite wildly. The minutes of the Federal Reserve…
The euro ended Friday with gains with help of improving eurozone consumer sentiment and growing German economy. The positive data make an interest rate cut by the European Central Bank unlikely. The consumer…
The Canadian dollar was falling today, but managed to pare losses before the end of the trading session as Canada’s inflation accelerated even though it was still below forecasts and the central bank’s…
The South African rand was able to strengthen today even though the vast majority of commodity-related currencies experienced weakness due to concerns about possible stimulus tampering in the United States. The Federal Reserve…
The Great Britain pound attempted to rally against the US dollar today, but failed even though UK economic growth was revised upward in today’s report. The currency tried to keep gains…
The Japanese yen fell yesterday and extended the decline today ahead of the speech of Bank of Japan Governor Haruhiko Kuroda, which he will deliver in Jackson Hole tomorrow. Kuroda will speak at the Federal…
Today’s macroeconomic reports from the United States were contradictory as some of them were suggesting that the US economy experiences stable growth, while others showed problems of the economy. As a result, the US…
UK pound continues to weaken in Forex trading, thanks to a number of factors. One of the concerns about the pound is that the recent optimism about the economic recovery has been a bit much. Some…