The New Zealand dollar was trading flat during the current trading session as traders wait for monetary policy minutes from the Federal Reserve. The New Zealand currency has been in a downtrend since…
Posts published in November 2015
Swiss Franc Drops vs. Euro, Driven by Data & Policy Outlook
The Swiss franc fell against the euro today as economic data and the monetary policy outlook were unfavorable to the currency. The Swissie was also falling against the US dollar at the start of the current trading session…
EUR/USD Drops Below 1.07 on Paris, Policy Divergence
Euro continues to fall against its major counterparts as more analysts and traders expect to see additional easing from the ECB. Also weighing on the 19-nation currency is the aftermath of the attacks in Paris. EUR/USD…
Australian Dollar Gains as Risk Aversion Subsides
The Australian dollar rose today, erasing yesterday’s losses against the US dollar and gaining for the fifth straight session versus the Japanese yen. It looks like risk aversion caused by the events in France…
Pound Bounces After UK Inflation Data
The Great Britain pound was falling at the start of today’s trading session but bounced after the release of inflation data, rising above the opening level. Britain’s Consumer Price Index fell 0.1…
NZD Falls Despite Positive News from New Zealand
Economic news from New Zealand released over the weekend was good for the most part. Yet it did not prevent the New Zealand dollar from falling during Monday’s trading.…
Yen Retreats After Opening Sharply Higher
The Japanese yen opened sharply higher due to risk aversion caused by terrorist attacks in France. Yet the currency pared back gains after data released on Monday showed that Japan’s economy…
Turning Point for Aussie, RBA?
Before the terror attacks in Paris, the Aussie was turning in a strong performance following better than expected economic data. As a result, some feel that the Reserve Bank of Australia will soon reduce…
Dollar in Consolidation Mode During Week After NFP
The US dollar halted its rally this week after the previous week’s huge gains caused by the very positive employment report. The greenback was flat against some currencies and down against…
Canadian Dollar Mixed Close to End of Trading
The Canadian dollar was mixed today, falling against the US dollar, rising versus the euro and staying flat against the Japanese yen. The Canadian dollar showed no clear trend during Friday’s…