The US dollar slipped against some of its major peers today, including the euro and the Great Britain pound, and trimmed its gains versus the Japanese yen. The greenback was weakened by the Federal Reserve…
Posts published in July 2014
Euro Turns it Around After Earlier Difficulties
A little bit of risk appetite is helping the euro turn things around today after earlier difficulties. However, many analysts still foresee problems for the euro, as Germany leads the eurozone into…
Could Copper Hold the Key to Loonie Performance?
Canadian dollar is higher today, and so are copper prices. While we often think of the loonie as a petrocurrency, the truth might be that it is really more closely related…
The Australian dollar ticked up versus the Japanese yen today, trading sideways against its US counterpart at the same time. Signs of improving consumer confidence helped the Aussie, yet the currency was…
Yuan Holds Ground in Face of Poor Data
The Chinese yuan gained on the US dollar today even though macroeconomic reports from the Asian nation were not particularly good, feeding concerns about slowdown of the world’s second-biggest economy. China’s…
For Second Session Dollar Fails to Rally
The US dollar yet again attempted to rally and yet again it failed. Even another better-than-expected employment report was not able to boost the currency, which erased its earlier gains…
The Great Britain pound turned down today as economic indicators came out much worse than was expected, prompting the British Chamber of Commerce to talk about necessity for the Monetary Policy Committee…
Aussie Gains with Business Sentiment
The Australian dollar gained today as the Australian business confidence improved last month, albeit not much. The currency was also supported by hopes for strong employment growth. The Business Confidence Index of National…
Euro Drops Below 1.3600 Level Against US Dollar
Euro has dropped below the 1.3600 level against the US dollar, and is down against other major currencies as well. There is a bit of risk aversion on the Forex market today, as well…
The New Zealand dollar gained today as Fitch ratings raised the outlook for the nation’s credit rating from stable to positive, adding to signs that the New Zealand economy performs very well. Fitch…