Monetary policy minutes of the latest Bank of England meeting revealed that two policy makers were in favor of raising interest rates. This caused the Great Britain pound to gain against its…
The South Korean won dropped against the US dollar today, demonstrating the biggest decline in two weeks, as positive housing data from the United States bolstered the greenback. Yesterday’s data on housing starts…
The Chinese yuan advanced today, reaching the highest level in five months, on forecasts of manufacturing growth in the second biggest economy in the world. Economists expect that both official and private manufacturing reports, released…
The Swiss franc slumped along with the euro versus the US dollar today. The Swissie rose against the shared 18-nation currency itself but is slowly losing gains right now. The performance…
The eurozone economic recovery continues to be extremely sluggish, resulting in a lower euro today. Concerns about what’s next for the eurozone have the euro weaker against the US dollar, even though the 18-nation…
New Zealand dollar is mostly lower today, following the latest growth forecasts. Kiwi is down as GDP forecasts for the year are adjusted downward, and due to the release of the latest producer prices…
The Great Britain pound rose today after Bank of England Governor Mark Carney said over the weekend that the central bank may start raising interest rates before actual wage…
The Canadian dollar is getting a boost today, heading a little higher against some of its major counterparts, thanks to positive data recently released. Even though oil is lower today,…
Japanese yen is lower today, falling against most major currencies. Data from the United States and Europe isn’t dire enough to support the yen, and there are plenty of reasons for continued…
Even with the latest economic data out of the eurozone, the 18-nation currency is gaining ground today. Evidence that the eurozone economy has stalled, prompting concerns about a return to recession, hasn’t…