Posts published in May 2016

The Canadian dollar traded lower against its most-liquid counterparts, including the US dollar and the euro (but not including the Japanese yen) due to the worse-than-expected macroeconomic data released from Canada today.…

The US dollar traded higher against most of its major peers, though it was not able to beat all of them. Among the currencies that stood strong against the greenback was…

The Great Britain pound fell against the US dollar and the euro today due to signs that the Bank of England may decide to ease its monetary policy. BoE officials suggested that an interest…

The Japanese yen traded lower today as the threat of an intervention continues to loom over the currency, discouraging traders from buying it. Haruhiko Kuroda, Governor of the Bank of Japan, reiterated yesterday that he…

Japan’s economy emerged from a recession, growing in the first three months of 2016. Yet this did not translate into a rally of the Japanese yen. Japan’s gross domestic product expanded 0.4%…

The Great Britain pound was very strong today, gaining on it major rivals, even the US dollar that itself was also firm. The reason for the amazing performance was the employment report…

Euro is lower today against the dollar and the pound as concerns about the eurozone economy compare unfavorably to better data coming out of the United States and relief out of the United Kingdom. Euro is…

The New Zealand dollar was trading below the opening level today as poor economic data from New Zealand and gains of the US dollar put pressure on the currency. The New Zealand Producer Price…

The Australian dollar fell today, following yesterday’s rally, as slower-than-expected wage growth made traders reluctant to buy the currency. Australia’s Wage Price Index rose 0.4% in the March quarter from the previous…

UK pound is heading higher today, in spite of weaker than expected inflation data. Sterling is higher against most of its counterparts. Some of the gains are the result of the popularity of a Brexit…