US dollar is getting a boost today, thanks to the latest retail sales data. While the data wasn’t super-impressive, it still showed solid gains, and that is supporting speculation that…
Posts published in August 2013
Japanese Yen Sinks on Latest from Shinzo Abe
After gaining some ground, the Japanese yen is dropping against its major counterparts, mainly due to a combination of the latest plan from Prime Minister Shinzo Abe and the idea that the yen…
The Swedish krona rose today as consumer inflation accelerated last month, reducing incentive for the central bank to cut interest rates that are already quite low. Statistic Sweden reported that…
The Australian dollar fell today against its US peer after the release of business confidence report, but managed to recover as of now. The currency advanced versus the Japanese yen. NAB Business Confidence…
Canadian Dollar Mixed as Week Starts
The Canadian dollar was mixed at the start of the week with absence of any major news to drive the currency in any particular direction. The loonie did not show a noticeable trend today either. It…
End of Eurozone Recession Not Helping the Euro Right Now
Expectations are that the eurozone recession ended the second quarter of 2013. However, even with this optimistic expectation, the euro is still struggling. The 17-nation currency is down against many…
US Dollar Back in Demand as Stocks Falter
US dollar is back in demand after a bit of earlier weakness today. Stocks are faltering a bit, especially the S&P 500, which is below the swing top seen in May. With…
Swiss Franc Drops After Danthine’s Comments
Swiss National Bank Vice President Jean-Pierre Danthine said that the central bank will drop the currency cap when it starts raising interest rates. Such comments could have…
Yen Falls as Japanese GDP Slows More than Expected
The Japanese yen fell today as the nation’s economy slowed last month more than was expected by market participants, sparking talks about additional monetary easing from policy makers. Japanese…
Aussie Ends Week with Solid Gains
Traders were rather pessimistic about the Australian dollar at the start of this week, making it surprising to see that the currency ended the week with solid gains. The Aussie rallied mainly on overseas…