The week has started with positive news for the New Zealand dollar as a report showed that the Producer Price Index rose last quarter. The currency jumped on the data initially, but weakened later…
The US dollar experienced a turbulent week, rising in the first half of the week, but sharply dropping in the second as Forex traders were attempting to guess what steps the Federal Reserve will take next…
The Canadian dollar closed lower today on concerns that the nation’s economy is struggling and this will not allow the Bank of Canada to perform an interest rate hike that it was promising…
The US dollar was heading lower against the euro for the most part of today’s trading session, but currently managed to recover. The currency also rose against the Japanese yen, while staying flat…
Recently, with the uncertainty and upheaval, the yen has shown some strength. However, the yen is weakening again, and there are expectations that a weaker yen will be the norm moving forward.…
Confidence in the euro is growing right now, as evidenced by the increased issuance of euro-denominated debt. With the news that the eurozone has returned to growth after 18 months of recession, and with the debt crisis…
The Indian rupee slumped today as attempts of policy makers to prevent further currency’s depreciation actually made investors less willing to bring money into the country. Uncertainty about stimulus tampering by the Federal…
With absence of any macroeconomic data today, the Great Britain pound was trading flat. Still, the currency was heading to a weekly gain as the previous favorable reports helped the currency to rally over…
The Australian dollar was flat today as Forex traders were unsure about future monetary policy of the nation’s central bank and were waiting for the minutes of this month’s policy meeting that will…
The US dollar tumbled today even as positive employment data fueled talks that the Federal Reserve is going to tamper back its stimulus program very soon, a move that should…