Euro is heading lower today, dropping as fallout from the recent Brexit vote continues. Euro is down against its major counterparts, even remaining lower against the UK pound.…
Euro Continues to Struggle Following Brexit Fallout
July 11, 2016
Posts published in July 2016
The Great Britain pound fell against the US dollar and the euro during the current trading session as market participants were betting on monetary easing from the nation’s central bank at this week’s policy…
Yen Drops After Elections in Japan
July 11, 2016
The Japanese yen dropped today as the landslide victory of the ruling coalition gave Prime Minister Shinzo Abe to take bolder steps for reviving economic growth. Shinzo’s Liberal Democratic Party won in the Upper…
US Dollar Ends Week Mixed as NFP Do Not Give Edge
July 9, 2016
The US dollar has ended the trading week mixed. It rose against the euro, the Great Britain pound, the Swiss franc, and the Canadian dollar. At the same time, the greenback fell versus the Japanese yen,…
The Japanese yen rallied today despite unfavorable macroeconomic data and warnings from Japan’s officials about possible interventions in order to stem the currency’s rally. Japan’s current account surplus shrank to â¥â1.41…
Brazilian Real Jumps vs. US Dollar
July 8, 2016
The Brazilian real jumped as much as 2% versus the US dollar today as Brazil’s central bank refrained from intervening in markets to support the currency while the government showed willingness to embark on fiscal austerity.…
Canadian Dollar Settles Lower After Jobs Data
July 8, 2016
The Canadian dollar fell today after the release of jobs data that showed an unexpected drop of employment. The drop was fairly limited, though the currency reached a multi-year low versus the Japanese yen.…
Non-Farm Payrolls Fail to Boost Dollar
July 8, 2016
US non-farm payrolls were positive at the first glance, but it was not enough to boost the US dollar. On closer inspection, the employment report was not that good, giving no…
Swiss Franc Soft Despite Positive CPI
July 7, 2016
The Swiss franc was soft today even though inflation data released from Switzerland during the current trading session beat forecasts. The likely reason for the poor performance was the shift in the market…
S&P Cuts Australia’s Credit Rating Outlook
July 7, 2016
The Australian dollar plunged today after Standard & Poor’s had cut the country’s credit rating outlook. The Aussie has bounced later and is now trading close to its opening level.…