The US dollar was stable today against its most-traded rivals but gained on the European currencies, including the euro and the Great Britain pound. The greenback got support from rumors that the next…
Posts published in October 2017
Canadian Dollar Falls as Uncertainty About Trade Relations Grows
October 17, 2017
The Canadian dollar fell against its US counterpart on Tuesday as investors grew more uncertain about the future of the North American Free Trade Agreement. Lower expectations of an interest rate hike in Canada…
Euro Declines Against US Dollar on Positive US Import Data
October 17, 2017
The euro today declined against the extremely strong US dollar after the release of positive US data relating to import prices. This was the fourth consecutive bearish session, which was accelerated…
British Pound Weakens Against US Dollar Despite Hawkish BoE
October 17, 2017
The British pound today weakened against the US dollar despite the hawkish comments made by the Bank of England Governor in his testimony before lawmakers. The pound declined against the US dollar despite the release…
NZ Dollar Edges Up After Inflation Accelerates Beyond Expectations
October 17, 2017
The New Zealand dollar traded a little bit higher against some of its rivals, like the US dollar, while against others, like the euro, it demonstrated more significant gains. One…
Aussie Mixed After RBA Minutes Show No Plans for Rate Hike
October 17, 2017
The Australian dollar was little changed against some of its most-traded rivals, like the US dollar and the Japanese yen, while gained against others, like the euro and the Swiss franc, during the current…
Canadian Dollar Moves Lower Even as Crude Oil Rallies
October 16, 2017
The Canadian dollar fell a bit today even as prices for crude oil, Canada’s major export, rallied during the Monday’s session. Market analysts argued that the reason for that is diminishing prospect…
Euro Flat in Anticipation of Economic Data & ECB
October 16, 2017
The euro was mostly flat today as markets turned their attention away from politics towards the next week’s European Central Bank policy meeting and economic data that may influence…
Pound Stable as Markets Wait for Economic Data
October 16, 2017
The Great Britain pound was stable today amid Brexit uncertainties and anticipation of important economic releases this week. (Update: currently the sterling seems to start a gradual move down.) Britain’s Prime…
US Dollar Ends Week as Weakest Currency After FOMC & CPI
October 14, 2017
The US dollar ended the week as the weakest currency among the major ones. The euro was mixed, while the Great Britain pound was the strongest. The Federal Market Open Committee surprised markets by its…