The New Zealand dollar dropped today as the nation’s central bank kept monetary policy unchanged, refraining from an interest rate hike. At the same time, the tone of the statement was very hawkish and suggested…
The US dollar rose today after the Federal Reserve performed quantitative easing tapering yesterday. Surprisingly, the Forex market did not react very strongly to the news and the dollars’ gains were not…
The US dollar is strengthening today, thanks in large part to expectations that the Federal Reserve will continue to taper its asset purchase program. With the US economy mostly on the upswing, and unemployment…
The euro is down today, due largely to the fact that there are still a few economic uncertainties, and due to the fact that risk appetite remains elusive on a global scale. Once again,…
The Russian ruble did not join other currencies of emerging markets in a rally, falling instead today. It looks like Forex market participants were to afraid to buy the currency ahead of today’s…
The Great Britain pound ticked up today as a report confirmed that Britain’s housing sector continues to expand, albeit with slower pace. The sterling was heading for a third straight session of gains…
The Australian dollar rose today as macroeconomic reports from the South Pacific country were relatively good and the general traders’ sentiment was in favor of growth-related currencies. Today’s monetary policy meeting of the US…
The Japanese yen fell today for a third straight session as monetary tightening in emerging economies made riskier currencies attractive yet again. Yesterday’s surprise move of Turkey’s central bank added to the confidence…
The Turkish lira jumped today as the central bank’s chief hinted that interest rates should be higher to rein rising inflation. It is just another sign that the trend for monetary…
The Indian central bank raised interest rates today, a move that was unexpected to most analysts. As a result of such decision, the Indian rupee climbed by the most in more than two months. The Reserve…