Posts published in April 2015

Economic Reports from Canada Help Loonie

The Canadian dollar managed to erase losses against its US counterpart by the end of the Friday’s trading session with the help of positive domestic data. The currency even gained against the euro, reaching the highest…

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GBP/USD Hits Lowest Since June 2010

The Great Britain pound fell today, touching the lowest level since June 2010 against the US dollar, as underwhelming economic data from the United Kingdom added to the downside pressure on the currency. The Friday’s…

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Data from Australia & China Unfavorable to Aussie

The Australian dollar went down today as economic data from both Australia and its biggest trading partner, China, was unfavorable to the currency. While the Aussie managed to gain on the euro, it declined…

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Yuan Falls as Producer Prices Remain in Deflation

The Chinese yuan slipped against the US dollar today even though China’s consumer price inflation remained steady at an elevated level. The problem for the currency is the fact that producer prices remained…

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Dollar Index Continues Climb Toward 100

The US Dollar index is climbing again, heading toward the 100 level again. With the Federal Reserve expected to hike interest rates later this year, and with the greenback remaining the dominant…

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