The Great Britain pound traded in a narrow range today, not moving far from the opening level, as mixed employment data did not give a reason for the currency to go either up or down.…
Posts published in November 2016
Australian Dollar Sinks Despite Decent Economic Reports
The Australian dollar sank against its major peers today. It is hard to say why the currency was so weak considering that economic data released from Australia on Wednesday…
US Dollar Maintains Gains Against Euro on Positive Retail Sales Data
The dollar traded on Tuesday near its highest level in almost a year as the US currency continued to be supported by positive data releases in the worldâs biggest economy. New comments from Federal Reserve…
AUD Rises vs. USD, Flat vs. Other Majors
The Australian dollar fell against its US counterpart after the release of monetary policy minutes from the Reserve Bank of Australia, but the managed to rebound as of now. At the same time, the currency was mostly…
Loonie Falls vs. Greenback, Avoids Losses vs. Other Rivals
The Canadian dollar fell against its US peer on Monday as the shock of the surprise victory of Donald Trump in the US presidential elections continued to weigh on the currency. The loonie managed to gain on other most-traded rivals,…
British Pound Struggles to Find Direction, Drops Against US Dollar
The British pound declined on Monday as the currency retreated from its recent highs due to the rapid gains that the US dollar achieved. The British pound traded near its last weekâs opening…
US Dollar Continues to Rise as December’s Rate Hike Appears More Likely
The US dollar continued its advance against its main rival currencies on expectations of increased fiscal spending and lower taxes under Donald Trumpâs administration. The greenback was further supported by the rising…
NZ Dollar Lower vs. US Dollar, Bounce vs. Other Rivals
The New Zealand dollar traded lower versus its US peer but managed to rebound against such major rivals as the euro and the Japanese yen. The US dollar continued to receive support from…
Yen Falls, Ignoring Positive GDP Report
Today’s data showed that Japan’s economy grew faster than was expected, but the Japanese yen hardly paid any attention to the positive report. The currency was down against all…
Dollar Ends Week Among Winners, Gets Beaten by Sterling
This was extremely volatile week due to the outcome of the US presidential elections that was uncertain till the very end. The US dollar came out among the strongest of the most-traded currencies after…