The last trading week of the year was not good for the US dollar as the currency was falling against all of its rivals during holiday’s quiet trading, dropping more than 1% against…
The euro today rallied higher against the US dollar mainly boosted by weak US Treasury yields, which contributed significantly to the greenback’s overall weakness. The release of the German CPI data for December could…
The USD/CAD currency pair today declined to trade near 2-month lows after the release of weak US advance goods trade balance data in the North American session. If the pair does not…
The euro today hit new highs against the US dollar after the release of soft US advance goods trade balance data among other releases. The EUR/USD currency pair today reversed…
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…
The Japanese yen gained on the very soft US dollar today thanks to better-than-expected macroeconomic data released in Japan over the trading session and signs that some policy makers want to end the era…
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…
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…
The euro today rallied higher against the US dollar boosted by positive investor sentiment towards the single currency. The lack of any significant data from the Eurozone economic docket means that the single…
The Australian dollar rose today, joining the other commodity currencies in the rally during holiday-thinned trade. Markets can act erratically during holidays, and today’s trading was a proof of that. There were…