The euro experienced a very bad week, falling to the lowest level in almost a year against the US dollar, even though most other major currencies, including the Great Britain pound and the Japanese yen,…
Posts published in August 2014
AUD Falls vs. USD, Holds Ground vs. JPY
The Australian dollar fell against its US peer as Australia’s private sector credit trailed analysts’ forecast. The losses were limited though, and the currency even managed to rise a little against the Japanese…
Russian Ruble Slumps as Ukrainian Crisis Worsens
The Russian ruble declined today as worsening relationships between Russia and Ukraine may lead to escalation of the conflict in Eastern regions of Ukraine, while the United States and the European Union threaten to implement additional sanctions…
Euro Heads for Another Weekly Decline
Even though the euro is a little higher against some of its major counterparts, the 18-nation currency is headed for a weekly decline. The latest economic data confirms that rises in consumer prices…
Yen Halts Rally as Economic Data Provides Mixed Picture
The Japanese yen attempted to extend its rally against the US dollar today but failed and retreated close to the opening level. The currency traded mostly sideways against other major counterparts. Today’s…
Dollar Gains on Domestic Data, Loses Ground vs. Yen
The US dollar rose against some of its major peers, including the euro, with help of positive domestic data. It looks like news from Ukraine limited gains somewhat and actually…
Taiwan Dollar Gains on Capital Inflows
The Taiwan dollar advanced today on speculations that capital inflows into Taiwan’s economy will prompt the central bank to refrain from an intervention even as the currency appreciates. Taiwan’s benchmark TAIEX index…
Ringgit Retreats vs. Dollar, Retains Optimistic Prospects
The Malaysian ringgit retreated a bit against the US dollar today after the initial rally, but analysts still have a positive outlook for the currency due to Malaysia’s accelerating economic growth and expectations of an interest…
Canadian Dollar Retains Strength
Loonie is retaining some of its recent strength in Forex trading, logging gains on the Burger King plan to buy Tim Hortons, as well as getting some help from expectations for positive economic…
Aussie Climbs on Capex Data
The Australian dollar jumped against its US counterpart after data showed that private investment increased last quarter unexpectedly. The Aussie’s gains against the euro and the Japanese yen were smaller,…