The Japanese yen opened sharply higher against such major rivals as the US dollar and the euro, fell back to the Friday’s close but returned to trade near the opening as of now. The yen’s performance against…
The major event for the week, overshadowing all others, was the referendum in Great Britain. And it resulted in a shocking outcome — Britons voted for leaving the European Union. Unsurprisingly, the Great Britain pound crashed hard…
The New Zealand dollar rallied to the highest level in a year versus the US dollar and climbed more than 2% against the Japanese yen amid hopes for Great Britain to stay in the European Union. Britons…
The Norwegian krone climbed versus the US dollar after Norway’s central bank refrained from cutting interest rates during today’s policy meeting. The Norges Bank decided to keep its main…
The Swiss franc rallied together with other currencies against the US dollar today, but the Swissie was unable to outperform the euro, falling against the shared 19-nation currency. The Swiss economic outlook…
The Australian dollar climbed today thanks to helpful fundamentals, like the rise of crude oil prices and the weakness of the US dollar. Yesterday’s speech from Federal Reserve chief Janet Yellen showed cautious…
Economic data released from New Zealand today was not particularly good, but it had little bearing on the nation’s currency that joined a rally of other high-beta currencies. The Westpac/McDermott…
The Canadian dollar rallied today with the help of rising prices for crude oil and the positive general market sentiment that was beneficial to commodity-linked currencies. The traders’ mood was positive today as prospects…
The Great Britain pound continued to soar against other most-traded currencies, particularly safer ones like the US dollar and the Japanese yen, as prospects for the Brexit had waned significantly. Last week’s deadly…
The Australian dollar opened sharply higher today and is now trading above the opening level as traders felt less concerned about the possibility of the Brexit. Traders felt more inclined to purchase riskier…