US dollar is losing ground today against its major counterparts, even though there is a degree of risk aversion in the markets, and consumer confidence is on the rise. The news that Russia…
Posts published in December 2014
Yen Gains as Traders Seek Safe Investment Options
The Japanese yen rallied today, rising against all of its major peers, as the risk-negative market sentiment spurred traders to seek safer assets. The currency demonstrated the biggest gain in two weeks versus…
Pound Gains vs. Dollar, Retreats vs. Yen
The Great Britain pound gained today against the US dollar on the back of relatively positive housing data. Gains were limited though, and the currency dropped versus the Japanese yen. The Nationwide House Price…
The Israeli new shekel fell against the US dollar today even though the nation’s central banks decided to keep its main interest rate unchanged at yesterday’s monetary policy meeting as the outlook…
Dollar Gains on Euro for Third Session
The US dollar rallied yesterday and continued to gain on the euro today, reaching a new multi-year high. The greenback also was strong against the Great Britain pound but slipped versus the Japanese yen.…
Stocks, Greek Elections Don’t Bring Euro Down
Euro is a little bit rattled today, but not enough to be seeing losses to its major counterparts yet. Between lower stocks across the eurozone, and concerns about the outcome of Greek…
Swiss Franc Declines as Consumption Indicator Ticks Down
The Swiss franc declined against the euro today as consumption indicators fell slightly last month. The report was not completely negative though as it said that the Christmas season had a good…
Indian Rupee Drops due to Year-End Dollar Buying
The Indian rupee dropped today for the fourth straight session. Market analysts speculated that the currency dropped as importers were buying dollars to pay for their bills by the end of the year. It is not…
Dollar Retains Strength During Quiet Trading Week
The US dollar closed higher against its major peers this week even though initially, it looked that the rally had lost steam. US macroeconomic indicators were mixed,…
Yen Falls vs. Dollar on Poor Data, Stays Resilient vs. Pound & Euro
The Japanese yen fell against the US dollar and the Great Britain pound today due to negative macroeconomic data. The drop was small, and the currency managed to gain against the euro. Almost all today’s…