The Canadian dollar pared losses against its US peer after a report showed that Canada’s economic growth in May was faster than expected, though USD/CAD reached the highest level…
USD/CAD Retreats After Touching Highest in Month
July 31, 2014
Posts published in July 2014
Euro Continues to Trade Mixed
July 31, 2014
Euro is trading mixed against its major counterparts again today. The 18-nation currency continues to struggle against the US dollar on policy divergence, but is managing to eke out gains…
Building Approvals Drag Australian Dollar Down
July 31, 2014
The Australian dollar dropped today, pulled down by building approvals data that was much worse than has been expected. The currency also weakened as the market environment was not favorable…
The Japanese yen weakened today, touching the lowest level since April against the US dollar, as economic data from both the United States and the eurozone was mostly good, making the currency unnecessary…
Data from United States Undermines Canadian Dollar
July 30, 2014
The Canadian dollar dropped against its US counterpart today, reaching a lowest level in more than a month, pressured down by signs of economic growth in the United States. The currency also retreated against…
US Dollar Continues to Gain on Fed Speculation
July 30, 2014
US dollar is higher again today, strengthening as economic data points to improvement, and on speculation that the Fed will take steps to tighten monetary policy sooner than expected. As the Fed concludes…
Euro Slips Below 1.3400 Against the US Dollar
July 30, 2014
Between German inflation and policy divergence with the United States, the eurozone is struggling — and the 18-nation currency that represents it is losing ground. Indeed, the euro has slipped below 1.3400,…
The Australian dollar fell against its US peer and slipped a bit against the euro, weighed down by the US monetary policy outlook as well as by forecasts of positive macroeconomic reports from the United States.…
The New Zealand dollar edged higher today, following yesterday’s drop, with help of a positive report about building permits. Gains were limited as the currency remained under pressure from the interest…
Yen Steady After Industrial Production Data
July 30, 2014
The Japanese yen remained unmoved by the release of industrial production data today. The currency traded mostly sideways yesterday, though it fell together with its major counterparts versus the US dollar.…