The Great Britain pound recovered from early losses on Monday against the euro and the US dollar to reduce some of the declines it recorded during October. The British currency is heading toward its…
Posts published in October 2016
Dollar Bounces from Friday’s Low, Heads for a Monthly Gain
The US dollar recovered against the euro on Monday as it heads for a monthly gain yet it remained lower than its highest level over the past five days of trading. The dollar had…
Dollar Ends Week Mixed, Struggling to Maintain Upward Momentum
The US dollar ended the week mixed as the currency struggled to maintain its upward momentum amid speculations that the dollar’s rally has run its course. The outlook for an interest rate hike from…
US Dollar Gets No Boost from US Economic Data
The US dollar traded below the opening level against other most-traded currencies as mixed economic data from the United States provided no boost for the currency that is struggling to maintain its…
Sterling Soft After Northern Ireland Court Decision
The Great Britain pound rose against the US dollar but fell against most other currencies today as the threat of the Brexit continued to undermine the currency’s appeal to Forex traders. The big news of the day…
Economic Data from Australia Sends Aussie Lower
The Australian dollar fell today as economic reports released from Australia during the current trading session were not particularly good, making them detrimental to the currency. The Producer Price Index rose…
Yen Flat After Bunch of Economic Reports from Japan
The Japanese yen was flat against most of its major rivals during the current trading session after a bunch of macroeconomic data was released from Japan today. Arguably the most important…
Canadian Dollar Mostly Flat amid Battling Fundamentals
The Canadian dollar was mostly flat against its major rivals (though not versus the Japanese yen) as good and bad fundamentals battled for the right to determine the direction for the currency to move. High chances…
Swedish Krona Sinks as Riksbank Signals About Possible Easing
The Swedish krona fell today after the nation’s central bank signaled that it is ready to cut interest rates deeper into the negative territory and expand its quantitative easing program.…
Dollar Maintains Its Gains Against Yen on Interest Policy Forecasts
The US dollar strengthened against the yen as it boosted the gains it made over the past three days on bets that the Federal Reserve will raise its interest rates, increasing tradersâ…