Euro is struggling to log gains against the US dollar today, following improved economic news and a global stock rally. European stocks are heading higher, after a mixed Asian session,…
The Australian dollar managed to rise today paring yesterday’s losses, with help from China’s macroeconomic data that showed an unexpected improvement of the manufacturing sector. Today’s report showed an expansion of manufacturing…
The Chinese yuan rose a little today, erasing previous losses, as the manufacturing sector unexpectedly expanded this month, reducing risk aversion caused by yesterday’s Federal Reserve’s policy minutes. The HSBC Flash…
The Canadian dollar fell yesterday and retained losses today, reaching the lowest level in more than a month against its US counterpart, as signs of stimulus tampering by the Federal Reserve resulted in decline of commodities,…
The US dollar climbed today against other currencies as the Federal Reserve signaled that it is planning to reduce the pace of its asset purchases this year. The central bank did not…
US dollar is getting a boost today, thanks to expectations associated with the upcoming release of the minutes from the last Federal Reserve meeting. Thanks to the latest economic data, some feel that…
The Russian ruble was yet another looser today as traders are afraid that the US central bank will tamper its asset purchase program at its September meeting. Such fears…
UK pound is heading higher today, gaining against its major counterparts as economic news improves. Sterling bulls are looking for excuses to help the pound, and there is enthusiasm surrounding…
The Indian rupee fell to the record low today as speculations about possible quantitative easing tampering by the US Federal Reserve were hurting riskier currency of emerging markets. The Fed will release minutes…
The New Zealand dollar fell yesterday and extended the decline today as the head of the central bank said that concerns about over-valued currency prevent the bank from raising interest rates. Graeme Wheeler,…