The Japanese yen weakened today against other most-traded currencies at the early Asian session ahead of the Bank of Japan monetary policy announcement. For now, losses are not big and are not enough…
Posts published in September 2014
Swedish Krona Rises, Ignoring QE Talks
The Swedish krona rose today despite speculations about possibility on quantitative easing from the nation’s central bank. The positive market sentiment was likely responsible for gains of the currency. The Riksbank surprised the Forex…
Bank of Canada Propels CAD Higher
The Canadian dollar jumped today after the Bank of Canada issued a rather optimistic statement following its monetary policy meeting. The currency reached the highest level since January against the Japanese yen.…
Japanese Yen Mostly Lower After Services Data
Japanese yen is mostly lower today, following the release of the latest services PMI data. Additionally, expected changes to the government’s investment fund are expected in the coming weeks, and that is also…
Dollar Pulls Back After Initial Gains
US dollar index is lower, and greenback is down against its counterparts, following earlier gains. After surging a bit earlier in the session, the US dollar is now losing ground,…
Pound Sinks, Finds No Help from Construction PMI
The Great Britain pound sank to the lowest level since March against the US dollar today. The currency was also weak against other majors, even the Japanese yen, against which the sterling…
Fundamentals Play Against New Zealand Dollar
The New Zealand dollar sank today against its US counterpart, touching the lowest level since February, and fell against other major currencies as the market sentiment was not particularly favorable…
QE Speculation Weighs on EUR/USD
Euro is mixed today, dropping against the US dollar, even as it gains against the UK pound and Japanese yen. One of the reasons that the euro is struggling against the dollar is…
Could Ukrainian Troubles Help the Loonie?
Canadian dollar is trading mixed today, but there are some that feel that there is strength coming for the currency. Thanks to the Tim Horton’s deal, as well as the possibility of higher…
Aussie Keeps Losses After RBA Meeting
The Australian dollar fell against its US peer and the euro ahead of the monetary policy announcement of the Reserve Bank of Australia and maintained losses afterwards. The currency rallied to the highest level in a year and a half versus…