The euro fell against the US dollar and the Japanese yen today but gained versus the Great Britain pound. Forex traders continued to digest events of the previous week and speculate about the future of the currency.…
US dollar is heading higher today as falling oil prices take their toll on other currencies, and as expectations for the next Federal Reserve meeting ramp up. There is a lot going…
Canadian dollar is heading much lower against most of its major counterparts, thanks in large part to the continuing drop in oil prices. The Canadian dollar is supported in large part by oil…
The major event for the New Zealand dollar this week is the monetary policy meeting of the Reserve Bank of New Zealand. Unfortunately for the currency, the policy outlook is dovish. The kiwi (as the New Zealand currency…
The New Zealand dollar tumbled today amid speculations that the Reserve Bank of New Zealand is going to cut interest rates at this week’s policy meeting. The RBNZ policy meeting is…
The Australian dollar dropped against the US dollar and the Japanese yen today despite positive economic data from Australia. The most likely reason for the drop was risk aversion caused by anticipation of an interest…
The major event during the past trading week was the monetary policy decision of the European Central Bank. It overshadowed even the very important US non-farm payrolls, sending the euro higher. The shared…
The Canadian dollar fell against its US counterpart on Friday but was surprisingly robust against its other major peers like the euro and the Japanese yen. The currency demonstrated resilience despite…
The US dollar rebounded today after the yesterday’s huge drop that followed a policy announcement from the European Central Bank. While US employment data was positive for the greenback, perhaps even…
US dollar is gaining ground today as the latest nonfarm payrolls reading points to a rate hike from the Federal Reserve later this month. With job growth remaining relatively steady,…