The euro had rather decent week, falling initially but rescued by the weekend by poor data from the United States. The monthly performance, on the other hand, was nothing but disastrous for the currency. The euro…
Posts published in May 2014
Just a day after the conclusion of the iFX Expo, and in the aftermath of announcing solid for 2013, Dukascopy is in the news again…
The Australian dollar fell today versus the euro and the Japanese yen, staying flat against its US counterpart at the same time. It is a puzzling behavior as today’s economic report was good,…
Canadian Dollar Drops as Economic Data Disappoints
The Canadian dollar edged today as economic data from Canada, including a very important report about economic growth, was rather poor, meaning that it is unlikely for the Bank of Canada…
US Dollar Slips on Consumer Spending News
The US dollar is slipping today, heading mostly lower as the latest economic data disappoints. Concerns about the still-slow economic recovery continue are holding the greenback down right now. Consumer…
Euro Gains Some Ground Against the US Dollar
Even with deflation worries increasing in the eurozone, the 18-nation currency is gaining some ground against the US dollar right now. US data is a bit disappointing, and that is giving…
Bitcoin Google Search Rises Above Currencies, and Other Tidbits from the IFX Expo in Cyprus
From the start, digital currencies made their presence at the just concluded two day . The largest B2B conference for the online forex trading industry,…
The Great Britain pound rallied against the US dollar today as the UK consumer sentiment improved and house prices were rising. The sterling trimmed its gains against the greenback by now and trades virtually…
Yen Rises with Inflation, Has Troubles Keeping Gains
The Japanese yen rallied today as nation’s consumer inflation accelerated, reducing chances for additional stimulating measures from the central bank. The currency has troubles keeping gains, trimming its rally versus…
The Canadian dollar rallied today ahead of tomorrow’s report about gross domestic product as the nation’s current account deficit shrank last quarter. The currency remains strong, though it was trading…