Britain’s upcoming referendum about membership in the European Union remains a hot topic in the news and speculations of market participants. Many analysts advise to stay away from the Great Britain pound ahead of the event.…
Posts published in June 2016
Pound Starts Week Poorly, Bounces Later
The theme of Great Britain’s referendum about leaving the European Union remained a hot topic during the week. While the week had started negative for the currency, the sterling rebounded by the weekend. The pound had started…
New Zealand Dollar Gets Little Help from GDP Data
New Zealand gross domestic product rose more than analysts had expected, but that provided little help to the nation’s currency. The New Zealand dollar barely moved against is…
Pound Remains Firm After Bank of England Meeting
The Great Britain pound remained relatively firm following yesterday’s policy meeting of nation’s central bank. As it was expected, the Bank of England kept its monetary policy unchanged. The BoE maintained…
Pound Rebounds After Attack on Pro-EU Lawmaker
The Great Britain rose today following the attack on the pro-EU lawmaker that resulted in speculations about possible rise of “Bremain” votes. British Member of Parliament Jo Cox, a vocal supporter of Britain staying…
The Australian dollar dropped on Thursday even though economic data released from Australia during the session was positive. The currency touched the lowest level in four years versus the yen. Australian employment…
Swiss Franc Falls vs. Dollar, Flat vs. Euro
The Swiss franc fell against the US dollar and was little changed versus the euro after the Swiss National Bank left its monetary policy unchanged. The SNB made the same policy decision…
Yen at Multi-Year Highs as BoJ Stands Pat
The Japanese yen rallied to multi-year highs against its major peers after the Bank of Japan made no changes to its monetary policy. The BoJ made a decision not to expand its already…
Canadian Dollar Doesn’t Join Rally vs. US Dollar
Most currencies rallied against the US dollar after the Federal Reserve’s policy announcement, but the Canadian dollar did not join the parade. The explanation for this is simple: prices for crude oil…
Dollar Trades Lower After Fed Makes Policy Announcement
The US dollar fell against most currencies after the policy announcement from the Federal Reserve. The drop was not especially big as the Fed did not surprise markets very much with…