The Australian dollar was trading above the opening level today after the Reserve Bank of Australia surprised the market by refusing to cut its main interest rate. Coupled with good macroeconomic reports,…
The Canadian dollar climbed today with the help of an economic report that showed faster-than-expected growth of Canada’s economy at the end of the last year. The positive surprise made the currency gain against other majors.…
The embattled euro is losing ground again today, thanks to the latest news from other countries that indicate how far the 19-nation currency still has left to go. The continuing Greek…
The New Zealand dollar dropped today even though macroeconomic data released from the South Pacific country over the weekend was better than economists had anticipated. Statistic New Zealand…
The Australian dollar was trading below the opening level today as traders are waiting for tomorrow’s monetary policy decision from the Reserve Bank of Australia. Prospects for an interest rate cut hurt the attractiveness…
Japanese yen is mostly lower today, weakening as the Chinese rate cut announced recently causes Forex traders to consider what’s next. The yen is weakening again, thanks in large part…
UK pound is struggling today as a new week and a new month get underway. It’s expected to be a data-heavy week, and sterling is expected to be impacted. Right now, the UK pound…