The Czech koruna sank today due to concerns that deflationary pressure may lead to additional monetary easing from the nation’s central bank. The currency fell more than 1 percent against…
It’s all about the US dollar these days. The greenback continues to strengthen against major counterparts, and see gains as commodities drop and as expectations for the US economy continue to improve. Right now, the US…
The Australian dollar was mixed during the Wednesday’s Asian trading session. The currency fell a little versus its US counterpart, was flat against the euro and jumped versus the Japanese yen. Economic…
The Japanese yen retreated a bit today following yesterday’s rally. The currency remains relatively strong though thanks to wide-spread demand for safe currencies among Forex market participants. Safe-haven demand was…
The Chinese yuan gained today amid speculations that China’s government is going to bolster the nation’s economy. Economic data from the Asian country was also helpful to the currency. According to rumors,…
The Great Britain pound dropped today, reaching a new low versus the US dollar, as the UK services sector demonstrated weakest growth in more than a year and a half. The Markit/CIPS UK Services PMI…
Euro continues to struggle today, although it is off recent lows. Concerns about the eurozone, as well as continued low oil prices are weighing on the 19-nation currency region. The euro has…
The Japanese yen rallied today as the decline of prices for crude oil and the subsequent drop of stocks prompted investors to seek out safe alternatives. The yen, being considered a safe currency, was a logical choice.…
The Australian dollar gained today as the nation’s trade balance came out better than analysts have predicted. Macroeconomic data from China was helpful too. The Australian trade balance demonstrated…
This trading week was relatively calm due to the holiday season as fewer traders were participating in the market and volume was light. Yet this did not prevent the dollar from reaching…