The US dollar rallied against the majority of its most-traded peers today after the Federal Reserve released statement of its first monetary policy meeting this year. The biggest loser was the Canadian…
Posts published in January 2015
Pound Drops After GDP Disappoints, Resilient vs. Dollar
The Great Britain pound fell against some of its major counterparts today as economic growth of the United Kingdom disappointed market participants. Surprisingly enough, the sterling was able to gain on the US dollar.…
Swiss Franc Rebounds After Drop on Intervention Speculations
The Swiss franc dipped earlier today on speculations that the Swiss National Bank will intervene to bring the exchange rate down. The currency bounced later and trades above the opening level against the US…
Greenback Continues to Pull Back
Greenback is pulling back against its major counterparts today, heading lower with some correction in the market. Also sending the dollar lower are expectations that the recent dollar bubble…
Ruble Drops as Conflict in Ukraine Escalates
The Russian ruble slumped today as escalation of the conflict in Ukraine led to the threat of additional sanctions against Russia, making it very risky for traders to buy Russian asses. The battle in the eastern region of Ukraine…
Brazilian Real Drops as Growth Outlook Worsens
The Brazilian real fell today as the worsening outlook for nation’s economic growth made the currency less attractive for market participants. The Central Bank of Brazil revised the growth outlook for this year negatively in its…
Week of ECB — Week of Suffering for Euro
The euro plunged against the majority of most-traded currencies this week after the European Central Bank expanded its monetary stimulus. There was another currency that suffered from its central…
Brazilian Real Heads to Weekly Gains Despite Daily Losses
The Brazilian real fell today but was still heading to a weekly gain. The currency rallied after the nation’s central bank bolstered its interest rates, making the currency more attractive for investors,…
GBP Highest Since 2008 vs. EUR, Weakest Since 2013 vs. USD
The euro jumped to the highest level since February 2008 against the euro today with the help of surprisingly good retail sales in the United Kingdom as well as yesterday’s monetary policy announcement from the European…
Loonie Remains Down Against Greenback
Loonie continues to fall against the greenback, even though oil is a little bit higher today. The Canadian dollar is doing better against European currencies, though. Canadian dollar continues…