Posts published in September 2013

Euro is mostly lower today, losing ground following the ECB rate decision. With other central banks indicating that they could be on the verge of ending easing programs, the eurozone…

Forex traders have been waiting for central bank data all week, and it is in. The data has offered little in the way of changes for the US dollar, although the greenback has a slight…

The Japanese yen traded sideways today, attempting to rise after the Bank of Japan concluded its September policy meeting and left monetary policy unchanged, refraining from additional easing. The BoJ held…

The Canadian dollar climbed today after the nation’s central bank maintained its benchmark overnight rate stable and mentioned no plans to reduce borrowing costs that are already quite low.…

The Polish zloty appreciated today as the nation’s central bank left its key reference rate unchanged and signaled that it is not going to reduce borrowing costs in the future. The National Bank…

The Great Britain pound was rising every single day of this week and today was not an exception as the very good data about the service industry drove the sterling even higher. The Markit/CIPS…

Japanese yen is logging small gains today, gaining a little ground as uncertainty puts safe haven assets in demand. However, a big move by the yen is unlikely, since there is…

There’s too much uncertainty about the geopolitical situation right now, and that is weighing on riskier assets today. Indeed, the euro is struggling a bit, even though it appears as though…

The Australian dollar extended its rally for the third consecutive trading session today as the nation’s economy grew in line with forecasts last quarter, reducing chances for additional interest rate cuts from…

The US dollar rose today as fundamental reports were good, supporting the case for the Federal Reserve to reduce monetary stimulus. The gains were not big, though, and the greenback actually retreated against some…