The US dollar was mixed during early Thursday’s trading. The currency rose versus the euro, fell against the Japanese yen, and was flat versus the Great Britain pound. Wednesday’s fundamentals were…
Posts published in July 2016
Falling Canadian Dollar Gets Help from Crude Oil
July 7, 2016
The Canadian dollar was falling on Wednesday due to domestic macroeconomic data and the general negative sentiment among Forex market participants. The currency managed to rebound with the help of rising prices for crude oil,…
Great Britain Pound Touches Fresh Multi-Year Lows
July 6, 2016
The Great Britain pound sank to new multi-year lows today as Britain’s decision to leave the European Union made investors shun the currency. While it looked like fears of the Brexit were subsiding,…
The Japanese yen rallied today, reaching fresh multi-year highs against the US dollar and the Great Britain pound, as fears of the Brexit and its impact on the world economy made investors seek safer options.…
Positive Data Fails to Buoy New Zealand Dollar
July 5, 2016
The New Zealand dollar dropped today, finding little help from domestic macroeconomic indicators that were pretty good. It is important to note that most reports for June or earlier…
Australian Dollar Falls After RBA Meeting
July 5, 2016
The Australian dollar fell today even though the nation’s central bank refrained from cutting interest rates. Worse-than-expected domestic data might be one of the reasons for the currency’s drop. The Reserve Bank…
Australian Dollar Rallies as Markets Calm Down
July 4, 2016
The Australian dollar rallied during the current trading session as markets continued to calm down after the Brexit shock. Market participants were hoping that central banks across the world are going…
The Great Britain pound managed to carve out gains during the Monday’s trading session even though Britain’s construction sector logged an unexpected decline in June. The currency has trimmed its gains…
Great Britain Pound Fails to Recover After Brexit
July 2, 2016
The Great Britain pound was attempting to recover during the past trading week following the previous week’s Brexit shock. But it failed to do so due to the prospects for monetary stimulus from…
Mexican Peso Drops Following Interest Rate Hike
July 1, 2016
The Mexican peso trades below the opening level as of now even though the nation’s central bank made a bigger interest rate hike than experts had predicted. The Bank of Mexico raised its…