Posts published in December 2017

Aussie Pauses Rally, Bulls Unafraid

The Australian dollar fell today, but market analysts argued that it looks more like profit-taking after the strong rally than a trend-change. In fact, the Aussie continued to rise against its…

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USD/CAD Falls to 3-Week Lows on Oil Price Rally

The USD/CAD currency pair today fell to new 3-week lows as the Canadian dollar rallied against its US counterpart boosted by a rally in global oil prices. The release of US consumer confidence index…

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Japanese Yen Weak Despite Housing Data

The Japanese yen was soft today against its most-traded rivals, with the exception of the safe haven currencies, even as macroeconomic data released during the current trading session in Japan was better…

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