Euro continues to gain ground today, heading higher against other major currencies. Euro is improving, and some forecasters have revised their expectations for next year’s performance. Thanks to the latest…
Posts published in December 2015
Greenback Pulls Back as Traders Consider the Future
US dollar is lower today, dropping as Forex traders and analysts consider what’s next and try to look ahead to 2016. Even though the greenback is lower today and set to end the week…
Aussie Erases Gains Cause by Amazing Employment Data
The Australian dollar dropped today, falling more than 1 percent against its major peers and erasing its previous gains, as traders continued to anticipate an interest rate hike from the Federal…
NZ Dollar Higher After RBNZ Cuts Interest Rates
The New Zealand dollar gained after the Reserve Bank of New Zealand cut interest rates during its policy meeting at the end of yesterday’s trading session. The RBNZ reduced its key interest…
Japanese Yen Continues Solid Performance Following GDP
Japanese yen continues to gain ground today, thanks in part to the positive GDP data released earlier this week. Without expectations of further Bank of Japan cuts, the yen is doing well…
Euro Pulls Back and Consolidates After Recent Gains
Euro is pulling back a bit today, consolidating after recent gains. The 19-nation currency has been seeing better performance since last week’s policy announcement from the ECB, and today…
Greenback Falters on Commodities and Interest Rate Revolt
The US dollar is struggling today, faltering as commodities move a little higher, and as it appears that there could be a revolt against higher interest rates from the Federal Reserve. For the past…
UK Pound Gets Boost on Forecasts
UK pound is mostly higher today, getting some help from better performances by commodities, as well as improved forecasts for next year. Sterling is moving mostly higher today as most…
NZ Dollar Follows Aussie in Decline
The New Zealand dollar behaved quite similar to its Australian counterpart during the Tuesday’s trading session, falling despite positive domestic macroeconomic data. The New Zealand dollar was hurt by China’s…
Aussie Down After China’s Trade Surplus Shrinks Yet Again
The Australian dollar fell for the second day in a row today as China’s trade data was disappointing yet again. Economic data from Australia itself was positive but was unable to support…