The Great Britain pound was falling at the start of this month, but paused the decline this week and was performing not that bad. It still fell against the US dollar, but…
Posts published in January 2014
AUD/USD Reaches Multi-Year Low Over Week
The Australian dollar sank this week, reaching a new multi-year low versus its US counterpart, as a very poor employment report reignited talks about a potential interest rate cut by the Australian…
The US dollar climbed against the euro today as positive macroeconomic data supported the case for smaller monetary stimulus from the central bank. The currency retreated against the Great Britain pound and the Japanese yen…
Pound Jumps with UK Retail Sales, Outlook Optimistic
The Great Britain pound jumped today as UK retail sales surprised Forex market participants, being far better than most optimistic expectations. It is expected that next week’s…
Is the Weak Loonie Helping the Canadian Economy?
The Canadian dollar continues to weaken in Forex trading, but not everyone is upset about that. There are some who think that the weaker loonie could be a help to the Canadian…
Euro Loses Ground Following Construction Data
Euro is losing ground today, falling almost across the board against its major counterparts, as the latest economic data disappoints. This time, it’s the construction data weighing on the 18-nation currency.…
Thai Baht Dips as Political Crisis Unfolds
The Thai baht dropped today as the political crisis is unfolding in Thailand, hurting the economy of the country and driving foreign investors away from nation’s assets. Thai Prime Minister Yingluck Shinawatra has…
Chilean Peso Drops on Prospects for Interest Rate Cuts
The Chilean peso fell today after the nation’s central bank kept its key interest rate unchanged yesterday, but suggested than an interest rate cuts are possible in the future. The Central…
Dollar Gains as Data Suggests More Stimulus Tapering
Several very good economic reports from the United States were released yesterday, suggesting that the Federal Reserve will keep reducing the size of its monthly asset purchases. The dollar profited…
Mexican Peso Suffers from Positive US Data
The Mexican peso fell today as positive macroeconomic data from the United States suggested that the Federal Reserve will be able to proceed with its reduction of stimulus program, hurting investors’…