UK pound is moving higher today, surging ahead of its major counterparts on the latest unemployment report. As the unemployment rate fell to its lowest level in five years, there are expectations…
The Australian dollar rose today after the inflation report surprised Forex market participants positively as consumer prices were rising last quarter faster than was predicted by analysts. The consumer sentiment…
The Canadian dollar dropped yesterday, falling below 1.10 against the US dollar for the first time in more than four years, and retained its weakness today. Traders were largely pessimistic about…
The Turkish lira dropped today, reaching the all-time low versus the US dollar, as the central bank kept its benchmark Marginal Funding Rate unchanged despite mounting inflation pressure. The Central Bank…
The New Zealand dollar advanced after today’s report showed that inflation was above analysts’ expectations. The currency shed its gains later and is trading near the opening level right…
Greenback is mostly higher today, gaining against many of its major counterparts as the latest expectations for a Federal Reserve taper are bandied about. Further tightening in US monetary policy is…
Euro is heading lower today, thanks in large part to the fact that the German ZEW came in below analyst expectations. Even though eurozone home prices were higher, the ZEW’s disappointment…
The Japanese yen attempted to rally yesterday as worsening Chinese macroeconomic indicators spurred risk aversion on the Forex market. The currency was not able to hold onto gains, though, and slipped to the opening level…
The New Zealand dollar fell today on poor economic data from China but was able to rebound and is currently trading near the opening level against the Japanese yen and above the opening…
The Chinese yuan fell as several important economic indicators released today were worse than previous reports, fueling concerns about slowing growth of the Asian economy. According to the National Bureau of Statistics…