US dollar index is slightly lower on the day, falling back after touching 100. The US dollar index hit a high not seen since April 2003, rallying as the greenback is…
Posts published in March 2015
Positive Employment Data Leads to Massive Gains for AUD
The Australian dollar climbed today, rising 1 percent against its US peer, after a report showed robust growth of Australia’s employment and an unexpected drop of the unemployment rate. Australian employment grew…
Euro Dives to New Multi-Year Lows
The euro plunged to new multi-year lows against its major rivals as negative factors persisted, driving the shared 19-nation currency down. This is not necessary bad for the eurozone as the weaker currency…
NZ Dollar Rebounds After RBNZ Stays Put
The New Zealand dollar was moving down for the most part of Wednesday’s trading session but bounced sharply after the central bank maintained interest rates unchanged and promised a period of stable monetary…
The Australian dollar bounced after reaching the lowest level since May 2009 against its US counterpart earlier today. Still, analysts think that there are plenty of reasons for the Aussie…
UK Production Output Disappoints, Sterling Unfazed
The Great Britain was flat against the US dollar today after economic data from the United Kingdom did not match expectations, being weaker than it was forecast. At the same…
Loonie Gains Against European Currencies, Loses to Greenback
Canadian dollar is trading mixed today, gaining against the major European currencies, but heading lower against the US dollar. Loonie is in an interesting position today. The Canadian dollar is…
US Dollar Continues to Surge
US dollar is ascendant today, thanks to almost every bit of news out there right now. Rumors of a Fed rate hike, the slide in oil, and the huge drop in US stocks yesterday…
NZ Dollar Lower Ahead of RBNZ Policy Statement
The New Zealand dollar was falling today as uncertainty ahead of tomorrow’s central bank’s policy statement and the strength of the US dollar made traders avoid the New Zealand currency. The Reserve Bank of New…
Euro Continues to Lose Ground to Major Currencies
Euro continues to struggle as concerns about Greece overshadow the entire eurozone. Euro has hit 10-year lows against the US dollar and seven-year lows against the UK pound. Euro is heading…