The New Zealand dollar traded lower against its US counterpart today, but was stable against other majors. Traders were waiting for tomorrow’s policy decision of the Reserve Bank of New…
The Australian dollar fell today after Reserve Bank of Australia remained passive, showing it has no plans for raising interest rates in the foreseeable future. The RBA left its main interest…
The euro traded within a tight range against the US dollar on Monday, following a mixed picture that was painted by new readings for the services sector within major European economies. A lack of major…
The Great Britain pound rose today even though Bank of England Governor Mark Carney made pessimistic comments about the future of the UK economy on Sunday. Carney suggested that the economy…
The Japanese yen dropped sharply today after Bank of Japan Governor Haruhiko Kuroda signaled that the central bank is going to maintain monetary stimulus for the a long time. Yet the currency quickly…
The US dollar ended the week on a relatively strong footing considering how many important events happened during the past week’s trading, which could have hurt the currency. US President Donald…
The US dollar today rallied against its main peers such as the euro and the British pound after the release of positive Services PMI data. The US dollar recovered from a poor showing after…
The US dollar today weakened against its Canadian counterpart after the release of upbeat Canadian employment data by Statistics Canada. The release of disappointing US non-farm payrolls report also contributed to the USD/CAD…
The Great Britain pound was stable today following yesterday’s steep sell-off. The currency got some support from the solid performance of Britain’s services sector. The seasonally adjusted IHS Markit/CIPS Services…
The Australian dollar dropped today against its major rivals, driven down by poor Australian reports. Sometimes economic data from China, Australia’s biggest trading partner, is able to mitigate…