The Russian ruble dropped today on concerns about so-called stagflation that threatens the nation’s economy and makes it less attractive for overseas investors. Usually, high inflation is accompanied by strong economic…
The Australian dollar sank today after the terrible employment report reignited speculations about possible interest rate cut by the Australian central bank. Australian employment shrank by 22,600 (seasonally adjusted) in December…
UK home prices declined in December, once again calling into question the situation surrounding the economic recovery. Pound is lower today as a result of this disappointing news. It appears that…
Canadian dollar is inching higher against its major counterparts, gaining ground as Forex traders consider their positions, and as the situation changes for the currency. Loonie is finding a little support ahead…
Eurozone’s export data isn’t helping the euro much today, as the 18-nation currency is dropping against most of its major counterparts. Concerns about the eurozone recovery persist, even though exports…
Greenback is higher today, gaining ground as upbeat retail data from December helps promote the idea that the US economy is still headed for recovery. Many had expected disappointing…
The Swiss franc was among losers today even though domestic macroeconomic data was very good and should have provided support for the currency, which trades very similar to the euro due…
The Malaysian ringgit fell today together with other Asian currencies after yesterday’s report showed that US retail sales exceeded analysts’ expectations, increasing chances for additional stimulus cuts…
The Japanese yen sank today as the nation’s current-account deficit widened, reaching the historic high level, leading to concerns that policy makers will be forced to take additional steps to spur economic…
The Great Britain pound advanced today against its major peers as inflation slowed, hitting the target set by the central bank for the first time in more than four years and fueling optimism for economic…