The Swiss franc dropped today, falling for the second consecutive day even as last quarter’s economic growth of Switzerland was above economists’ expectations. The weakness was likely caused by signs that the central…
Posts published in September 2013
GBP Rallies as Recovery Proceeds, Has Hard Time Maintaining Rally
Fundamental data from the United Kingdom continued to be good, adding to evidences of economic growth. It supported the Great Britain pound, which rallied today, but currently has troubles maintaining…
Canadian Dollar Heads Higher as Syria Cools Down
Canadian dollar is getting a little boost against its major counterparts today, gaining ground as concerns about what’s happening in Syria ease a little. Additionally, Forex traders are waiting…
Euro Heads Lower on ECB Expectations
Euro is mostly lower today, struggling as ECB expectations keep the 17-nation currency down. The currently-low rates are expected to continue, with the announcement coming later this week. All eyes…
Aussie Advances as RBA Does Not Mention Interest Rate Cuts
The Australian dollar advanced today after the Reserve Bank of Australia left interest rates unchanged and did not mention potential interest cut in its statement. The RBA left its key…
Currency Cap Stays as Long as Needed, Swissie Drops
The Swiss franc fell yesterday and maintained losses today as central bank’s Vice President Jean-Pierre Danthine indicated that the cap on the currency stays as long as the economic situation warrants. The currency managed to register…
Week of Central Banks, Is It Bullish for USD?
The US dollar ended both the last trading week of August and the month itself with solid gains. Should traders remain bullish on the currency? Analysts do not see reasons not to be.…
NZ Dollar Jumps as China’s Manufacturing PMI Reaches 16-Month High
The New Zealand dollar jumped today as China’s manufacturing index climbed to the highest level in 16 month, suggesting that the economy of New Zealand’s biggest trading partner is still in a good shape.…
Japanese Yen Lower Across the Board
Japanese yen is lower across the board today, dropping as continued economic stimulus measures keep the currency lower against its major counterparts. With economic stimulus likely to continue in Japan,…
Better Economic Data Doesn’t Help the Euro Much
The latest economic data isn’t doing much to help the euro today. The 17-nation currency is struggling against its major counterparts, despite the latest report on manufactured goods. There are still…