Macroeconomic reports from Canada were universally bad today, driving the Canadian dollar lower against most of major peers. The currency reached the lowest level since May 2009 against the US…
Posts published in January 2015
Dollar Drops After Stellar NFP; What’s the Reason?
The US dollar dipped against its major peers today even though US non-farm payrolls came out even better than optimistic expectations. Can the weird behavior be explained?…
Canadian Dollar Mixed During Early Friday’s Trading
The Canadian dollar was mixed at the early trading on Friday. While the currency attempted to extend its rally versus the Japanese yen, it was trading virtually flat against the euro and the US dollar.…
No Stop for Dollar’s Rally
The US dollar continued its unstoppable rise for yet another session today. Economic reports, especially employment data, fueled optimism about the US economy and speculations about a close interest rate…
Pound Rallies After HPI Report & BoE Meeting
The Great Britain pound rallied today following a positive report about house prices and the monetary policy decision made by the Bank of England. The currency dropped to the lowest level since July 2013 against…
Australian Dollar Jumps, Supported by Economic Data
The Australian dollar jumped today as economic reports from Australia as well as from the United States were positive, improving the market sentiment and encouraging traders to take more risk. Australian building approvals…
Euro Continues to Drop on Future Expectations
Euro continues its downward slide against major currencies as future expectations weigh on the 19-nation currency. Concerns about the economy are paramount, and many expect the ECB to announce another round of easing…
Yen Drops for Second Session as Market Sentiment Improves
The Japanese yen dropped today, falling for the second day, as the market sentiment improved a bit due to positive economic data from the United States as well as because of the rally of stocks and crude oil. US…
Dollar Continues March Up
The US dollar continued its march higher today. The currency gained for the fifth straight session against the Great Britain pound and for the sixth against the euro. Wednesday’s economic data from the United States…
Brazilian Real Gains on Optimism About New Economic Team
The Brazilian real gained today on hopes that the new economic team appointed by President Dilma Rousseff will succeed in revitalizing economic growth in the South American country. Finance Minister Joaquim Levy,…