Posts published in June 2016

US dollar is mostly lower today, pulling back as Forex traders review possibilities and prepare for the Federal Reserve policy decision later this week. Greenback has given up some…

The Great Britain pound weakened against its major rivals during the past trading week as fears of the Brexit reemerged. The weakness spilled over to the euro, which would also suffer in case the United…

The Canadian dollar jumped after the positive employment report but has started to go back down immediately afterwards. The currency preserved its gains versus the euro but lost them against…

The Russian ruble fell versus the US dollar today after Russia’s central bank cut its main interest. The Bank of Russia reduced its key rate from 11% to 10.5% today.…

Even though the UK trade deficit improved for April, sterling isn’t seeing a huge improvement against some of its major counterparts. While the UK pound is gaining ground against the euro,…

Euro is dropping today, losing ground against most of its major counterparts as ECB President Mario Draghi warns that recent years might have taken a long-term toll on the economic…

The Japanese yen gained today, rising to the multi-year high against the euro, as the market sentiment was not favorable to risky assets, driving investors to the safety of Japan’s currency instead. Yesterday, the World Bank…

The Australian dollar fell against the US dollar and the Japanese yen today after the release of mixed economic data from China, Australia’s biggest trading partner. China’s inflation fell unexpectedly in May…

The Canadian dollar climbed against its US counterpart for the fourth day in a row on Wednesday and continued to move up during Thursday’s early trading. The currency was little changed against such majors…

The New Zealand dollar climbed after the Reserve Bank of New Zealand left the Official Cash Rate unchanged. The fact that the central bank talked about the possibility of a rate cut in the future did…