The euro fell against its safer counterparts today but gained on the Great Britain pound at the same time. The shared 19-nation currency was also flat-to-higher against commodity currencies. Economic data…
Posts published in October 2016
Great Britain Pound at New 31-Year Low
The Great Britain pound sank today, reaching a new 31-year low, as fears of Brexit continued to plague the currency. Coupled with the extremely loose central bank’s monetary policy, that makes the currency…
Dollar Strong Ahead of Non-Farm Payrolls
The US dollar continued to dominate the Forex market today, rising against its major peers, as traders continued to speculate about the possibility of an interest rate hike in December. While yesterday’s employment data…
Swiss Inflation Misses Forecast, Makes Franc Weak
The Swiss franc was soft today despite the risk-negative sentiment that should have supported the currency. Yet the worse-than-expected inflation data did not allow the currency to rally. Switzerland’s Consumer Price…
Australian Dollar Trades Lower Even as Trade Deficit Shrinks
The Australian dollar fell today against its major peers even though economic data released during the trading session showed that Australia’s trade balance deficit shrank in August. The likely…
Canadian Dollar Stays Flat After Mixed Trading
The Canadian dollar was little changed during Thursday’s Asian trading session after demonstrating mixed performance during the Wednesday’s session. Prices for crude oil rallied on Wednesday, but the currency failed…
Dollar Trades Flat During Wednesday
The US dollar was little changed against the basket of major currencies during Wednesday’s trading as clashing economic reports did not allow the currency to establish a clear trend. The employment report from…
New Zealand Dollar Drops with Dairy Prices
The New Zealand dollar dropped today as the drop of dairy prices added to speculations that the Reserve Bank of New Zealand is going to cut interest rates soon. The ANZ Commodity Price Index…
Australian Dollar Doesn’t Get Help from Economic Data
The Australian dollar fell against its major rivals today (with the exception of the Japanese yen against which it traded almost flat) despite positive macroeconomic reports released from Australia…
The Australian dollar was almost flat against its US counterpart but gained against other major peers after the Reserve Bank of Australia decided to keep its monetary policy without…