There’s a decent amount of downward pressure on the greenback right now, and the dollar index is falling. Greenback is trading lower against its major counterparts and is mostly lower against other…
Posts published in May 2016
Australian Dollar Bounces After Falling Intraday
The Australian dollar was down intraday but has bounced as of now even though Australia’s macroeconomic data was rather detrimental to the currency. Australia’s private capital expenditure dropped 5.2% in the March…
Canadian Dollar Gains as Oil Tops $50 a Barrel
Canadian dollar is higher against its major counterparts today as oil prices gain ground. Also helping the loonie is the upbeat economic forecast from the Bank of Canada. There seems…
Pound Falls vs. Rivals, Remains Steady vs. Dollar
The Great Britain pound fell against some of its major rivals, including the euro, but was steady against the US dollar during the current trading session. Economic data released from…
Aussie Follows Kiwi in Gains
The Australian dollar followed its New Zealand counterpart in a rally during the current trading session even though fundamentals were not as supportive for the Aussie. The Australian Bureau of Statistics reported: …
The New Zealand dollar rose today thanks to the positive domestic data and the rebound of prices for crude oil. The New Zealand trade surplus expanded to NZ$292 million in April from the March’s revised level…
The New Zealand dollar rose today thanks to the positive domestic data and the rebound of prices for crude oil. The New Zealand trade surplus expanded to NZ$292 million in April from the March’s revised level…
The Hungarian forint gained on the euro and was stable against the US dollar today as Hungary’s central bank signaled about an end to its monetary easing cycle. The Magyar Nemzeti Bank announced today…
Economic Sentiment Doesn’t Look Good for Euro
The euro fell against most currencies today, including the US dollar and the Swiss franc, though not the Japanese yen. The indicators released during the current trading session showed that the economic sentiment…
Dollar Index Higher, But Gains Tempered by Sterling
The US dollar index is higher today, but the gains are tempered by a UK pound that is gaining ground. Rate hike expectations and better economic data continue to help the greenback…